Is Corebridge Financial Inc. (NYSE: CRBG) Still On The Rise?

After Hours

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Stocks Info

This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. The current market capitalization of Corebridge Financial Inc. is $17.50B. A total of 4.1 million shares were traded on the day, compared to an average of 3.53M shares.

In the most recent transaction, AMERICAN INTERNATIONAL GROUP, sold 8,032,129 shares of CRBG for 24.90 per share on Aug 07 ’24. After the transaction, the 10% Owner now owns 284,238,898 company shares. In a previous transaction on Jul 02 ’24, AMERICAN INTERNATIONAL GROUP, sold 1,932,609 shares at 29.20 per share. CRBG shares that 10% Owner owns now total 292,271,027.

Among the insiders who sold shares, AMERICAN INTERNATIONAL GROUP, disposed of 30,000,000 shares on Jun 03 ’24 at a per-share price of $29.20. This resulted in the 10% Owner holding 294,203,636 shares of CRBG after the transaction. In another insider transaction, AMERICAN INTERNATIONAL GROUP, sold 6,210,256 shares at $21.75 per share on Dec 18 ’23. Company shares held by the 10% Owner now total 324,203,636.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Corebridge Financial Inc. pays an annual dividend of $0.92, resulting in a dividend yield of 3.11%, and it has a price to earnings (P/E) ratio of 9.21. CRBG’s most recent ex-dividend date was 9/16/2024 when it declared a $0.23 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 6/28/2024 with an ex-dividend date of 6/14/2024. The CRBG stock dividend was $0.23 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CRBG has a high of $34.66 and a low of $16.62.

As of this writing, CRBG has an earnings estimate of $1.21 per share for the current quarter. EPS was calculated based on a consensus of 11.0 estimates, with a high estimate of $1.31 per share and a lower estimate of $1.15.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CRBG’s latest balance sheet shows that the firm has $204.58B in Cash & Short Term Investments as of fiscal 2021. There were $15.68B in debt and $43.46B in liabilities at the time. Its Book Value Per Share was $18.32, while its Total Shareholder’s Equity was $28.93B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRBG is Buy with a score of 4.20.

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