1 week Ago By Defense World Staff
Corebridge Financial (NYSE:CRBG – Get Free Report) had its price objective cut by stock analysts at Barclays from $37.00 to $36.00 in a note issued to investors on Friday,Benzinga reports.
The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 34.80% from the company’s current price.
A number of other research firms have also recently issued reports on CRBG. Wells Fargo & Company cut their price objective on Corebridge Financial from $38.00 to $35.
00 and set an “overweight” rating for the company in a research report on Thursday. Piper Sandler raised their price target on Corebridge Financial from $35.00 to $38.
00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. UBS Group downgraded shares of Corebridge Financial from a “buy” rating to a “sell” rating and decreased their price objective for the company from $40.00 to $28.
00 in a report on Wednesday, April 2nd. BMO Capital Markets initiated coverage on shares of Corebridge Financial in a research report on Thursday, January 23rd. They issued an “outperform” rating and a $43.
00 price objective on the stock. Finally, Morgan Stanley reduced their target price on shares of Corebridge Financial from $43.00 to $32.
00 and set an “overweight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.
com, Corebridge Financial has an average rating of “Moderate Buy” and a consensus target price of $36.15.View Our Latest Analysis on CRBGCorebridge Financial Price PerformanceNYSE CRBG opened at $26.
71 on Friday. Corebridge Financial has a 52-week low of $23.69 and a 52-week high of $35.
36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.
13 and a current ratio of 0.13. The business has a 50 day simple moving average of $31.
56 and a 200 day simple moving average of $31.24. The stock has a market cap of $14.
85 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.43 and a beta of 0.
98. Corebridge Financial (NYSE:CRBG – Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.
23 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.04).
Corebridge Financial had a return on equity of 22.69% and a net margin of 11.39%.
Analysts anticipate that Corebridge Financial will post 5.43 earnings per share for the current fiscal year. Institutional Trading of Corebridge FinancialSeveral hedge funds and other institutional investors have recently made changes to their positions in CRBG.
Fortitude Family Office LLC acquired a new position in shares of Corebridge Financial in the fourth quarter worth approximately $27,000. FNY Investment Advisers LLC bought a new stake in Corebridge Financial during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC boosted its stake in Corebridge Financial by 112.
4% during the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the company’s stock valued at $27,000 after purchasing an additional 480 shares during the last quarter. Oarsman Capital Inc.
purchased a new position in Corebridge Financial during the 4th quarter worth $30,000. Finally, Sunbelt Securities Inc. purchased a new stake in Corebridge Financial in the 4th quarter valued at about $30,000.
98.25% of the stock is currently owned by institutional investors. About Corebridge Financial (Get Free Report)Corebridge Financial, Inc provides retirement solutions and insurance products in the United States.
The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities, and retail mutual funds.Featured StoriesFive stocks we like better than Corebridge FinancialESG Stocks, What Investors Should KnowRobinhood Strategies Could Be a Game-Changer for Young InvestorsQuiet Period Expirations ExplainedAre These 3 Retail Stocks Oversold or Really in Trouble?What is a Secondary Public Offering? What Investors Need to KnowIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
