Corebridge Financial Stock Today
| CRBG Stock | USD 26.55 0.18 0.68% |
Performance7 of 100
| Odds Of DistressLess than 7
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Corebridge Financial is trading at 26.55 as of the 18th of April 2024. This is a 0.68 percent up since the beginning of the trading day. The stock's lowest day price was 26.15. Corebridge Financial has only a 7 % chance of going through financial distress over the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Corebridge Financial are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 15th of September 2022 | Classification Financials |
Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc. Corebridge Financial operates under Asset Management classification in the United States and is traded on New York Stock Exchange.. The company has 622.55 M outstanding shares of which 17.33 M shares are currently shorted by private and institutional investors with about 2.89 trading days to cover. More on Corebridge Financial
Moving together with Corebridge Stock
| 0.78 | DIST | Distoken Acquisition | PairCorr |
| 0.69 | AB | AllianceBernstein Financial Report 24th of April 2024 | PairCorr |
| 0.67 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
Moving against Corebridge Stock
| 0.6 | AC | Associated Capital | PairCorr |
| 0.54 | PX | P10 Inc Financial Report 20th of May 2024 | PairCorr |
| 0.41 | DHIL | Diamond Hill Investment | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
Financial Report 14th of May 2024
Corebridge Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Corebridge Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Corebridge Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Diversified Financial Services, Financial Services, NYSE Composite, Financials, Financial Services, Asset Management, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Corebridge Financial report their recommendations after researching Corebridge Financial's financial statements, talking to executives and customers, or listening in on Corebridge Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Corebridge Financial. The Corebridge consensus assessment is calculated by taking the average forecast from all of the analysts covering Corebridge Financial. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Corebridge Financial's profitability, liquidity, and operating efficiency, Corebridge Financial may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Corebridge Financial is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Corebridge Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Corebridge Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Corebridge Financial's financial leverage. It provides some insight into what part of Corebridge Financial's total assets is financed by creditors.
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Corebridge Financial (CRBG) is traded on New York Stock Exchange in USA. It is located in 2919 Allen Parkway, Houston, TX, United States, 77019 and employs 17 people. Corebridge Financial is listed under Diversified Financial Services category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 16.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Corebridge Financial's market, we take the total number of its shares issued and multiply it by Corebridge Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Corebridge Financial conducts business under Financial Services sector and is part of Financials industry. The entity has 622.55 M outstanding shares of which 17.33 M shares are currently shorted by private and institutional investors with about 2.89 trading days to cover.
Corebridge Financial currently holds about 5.37 B in cash with 3.36 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.32.
Check Corebridge Financial Probability Of Bankruptcy
Ownership AllocationCorebridge Financial retains a total of 622.55 Million outstanding shares. The majority of Corebridge Financial outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Corebridge Financial to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Corebridge Financial. Please pay attention to any change in the institutional holdings of Corebridge Financial as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Corebridge Ownership Details
Corebridge Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Corebridge Financial jumping above the current price in 90 days from now is about 24.23%. The Corebridge Financial probability density function shows the probability of Corebridge Financial stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Corebridge Financial has a beta of 0.5312 suggesting as returns on the market go up, Corebridge Financial average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Corebridge Financial will be expected to be much smaller as well. Additionally, corebridge Financial has an alpha of 0.1256, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Corebridge Financial to move above the current price in 90 days from now is about 24.23 (This Corebridge Financial probability density function shows the probability of Corebridge Stock to fall within a particular range of prices over 90 days) .
Corebridge Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Corebridge Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Corebridge Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Corebridge Financial's value.| Instituion | Recorded On | Shares | |
| Massachusetts Financial Services Company | 2023-12-31 | 6 M | |
| State Street Corporation | 2023-12-31 | 5 M | |
| Balyasny Asset Management Llc | 2023-12-31 | 4.9 M | |
| Clearbridge Advisors, Llc | 2023-12-31 | 4.2 M | |
| Davis Asset Management, L.p. | 2023-12-31 | 4 M | |
| Ghisallo Capital Management Llc | 2023-12-31 | 4 M | |
| Geode Capital Management, Llc | 2023-12-31 | 3.4 M | |
| Sessa Capital Im Lp | 2023-09-30 | 3.2 M | |
| Millennium Management Llc | 2023-12-31 | 2.7 M | |
| American International Group Inc | 2023-12-31 | 324.2 M | |
| Blackstone Inc | 2023-12-31 | 62 M |
Corebridge Financial Historical Income Statement
Corebridge Financial Income Statement is one of the three primary financial statements used for reporting Corebridge's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Corebridge Financial revenue and expense. Corebridge Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Corebridge Financial's Selling General Administrative is most likely to increase significantly in the upcoming years. The Corebridge Financial's current Total Revenue is estimated to increase to about 21.3 B, while Income Tax Expense is forecasted to increase to (91.2 M). View More FundamentalsCorebridge Stock Against Markets
Picking the right benchmark for Corebridge Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Corebridge Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Corebridge Financial is critical whether you are bullish or bearish towards Corebridge Financial at a given time. Please also check how Corebridge Financial's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Corebridge Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Corebridge Financial Corporate Management
Elected by the shareholders, the Corebridge Financial's board of directors comprises two types of representatives: Corebridge Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Corebridge. The board's role is to monitor Corebridge Financial's management team and ensure that shareholders' interests are well served. Corebridge Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Corebridge Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Amber Miller | Chief VP | Profile | |
| Todd Solash | Life Retirement | Profile | |
| Lisa Longino | Executive Officer | Profile | |
| Josh Smith | Head Relations | Profile | |
| Chris Banthin | Chief Secretary | Profile | |
| Liz Cropper | Chief Officer | Profile | |
| Elizabeth Palmer | Chief VP | Profile |
How to buy Corebridge Stock?
Before investing in Corebridge Financial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Corebridge Financial. To buy Corebridge Financial stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Corebridge Financial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Corebridge Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Corebridge Financial stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Corebridge Financial stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Corebridge Financial, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Corebridge Stock please use our How to Invest in Corebridge Financial guide.
Already Invested in Corebridge Financial?
The danger of trading Corebridge Financial is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Corebridge Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Corebridge Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Corebridge Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Corebridge Financial is a strong investment it is important to analyze Corebridge Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Corebridge Financial's future performance. For an informed investment choice regarding Corebridge Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corebridge Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more detail on how to invest in Corebridge Stock please use our How to Invest in Corebridge Financial guide.Note that the Corebridge Financial information on this page should be used as a complementary analysis to other Corebridge Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Corebridge Stock analysis
When running Corebridge Financial's price analysis, check to measure Corebridge Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corebridge Financial is operating at the current time. Most of Corebridge Financial's value examination focuses on studying past and present price action to predict the probability of Corebridge Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corebridge Financial's price. Additionally, you may evaluate how the addition of Corebridge Financial to your portfolios can decrease your overall portfolio volatility.
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Is Corebridge Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corebridge Financial. If investors know Corebridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corebridge Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Dividend Share 0.92 | Earnings Share 1.71 | Revenue Per Share 29.664 | Quarterly Revenue Growth (0.18) |
The market value of Corebridge Financial is measured differently than its book value, which is the value of Corebridge that is recorded on the company's balance sheet. Investors also form their own opinion of Corebridge Financial's value that differs from its market value or its book value, called intrinsic value, which is Corebridge Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Corebridge Financial's market value can be influenced by many factors that don't directly affect Corebridge Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corebridge Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corebridge Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corebridge Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.