How to Buy Corebridge Financial Stock
Corebridge Financial Inc
Corebridge Financial is a asset management company located in Texas, United States, which is part of the Financial Services sector, and is traded under the ticker CRBG on the NYSE exchange.
Corebridge Financial stock last closed at $26.56, down 1.26% from the previous day, and has increased 57.81% in one year. It has overperformed other stocks in the Asset Management industry by 0.63 percentage points. Corebridge Financial stock is currently +78.14% from its 52-week low of $14.91, and -9.66% from its 52-week high of $29.40.
There are currently 622.55M CRBG shares outstanding. The market cap of CRBG is $16.53B. In the past 24 hours, 2.61M CRBG shares were traded.
How to Buy Corebridge Financial Stock
Not sure how to invest in Corebridge Financial stock? Here's how.
- Decide where to buy Corebridge Financial stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Corebridge Financial stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Choose your method of payment and add your information.
- Evaluate Corebridge Financial stock: The Corebridge Financial ticker symbol is CRBG. Is Corebridge Financial stock a good investment? Should you buy shares of CRBG? How do CRBG's underlying business fundamentals look? Do top analysts think Corebridge Financial is a good buy? Why has CRBG's stock price moved recently? (Hint: Our stock analysis website can help you understand if CRBG is a good stock to buy).
- Make your CRBG buy order: Decide if you will purchase CRBG shares at the current market price or use a limit order to purchase CRBG shares at a specific price.
- Get the latest news on your CRBG investment: Create a watchlist to keep tabs on your new investment in Corebridge Financial shares.
Step 1: Decide where to buy Corebridge Financial stock
You need a brokerage account to access the NYSE market and buy CRBG stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal information so you can invest in CRBG today.
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Step 3: Deposit money your brokerage account
Now that you have filled out your info on the best stock trading app for beginners, you can securely and quickly fund your account:
Check out the video below if you need help transferring funds into your new brokerage account.
Step 4: Evaluate Corebridge Financial stock
After you have decided on the best place to buy Corebridge Financial stock, it's critical to evaluate their stock before you buy, so you can comprehend the risk and opportunity.
Overview of key CRBG info
CRBG Due Diligence Checks
WallStreetZen was built to help everyday investors do better fundamental analysis.
You can view all of the due diligence checks on CRBG's stock page.
Is CRBG stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge CRBG's intrinsic value.
Using relative valuations ratios:
- CRBG could be undervalued based on its P/E ratio of 15.44x, relative to Asset Management industry P/E ratio of 30.52x
- CRBG may be undervalued based on its P/B ratio of 1.41x, relative to Asset Management industry P/B ratio of 2.29x
- CRBG could be undervalued based on its PEG ratio of 0.18x
You can do additional valuation analysis on CRBG's stock here.
CRBG Financial Summary
Pros:
- CRBG's operating cash flow of $3.36B allows it to safely service it's debt of $11.87B.
Cons:
- CRBG earnings of $1.59B is not sufficient to cover its interest payments.
- CRBG profit margin has gone down from 33% to 5.8% in the past year.
- CRBG has a relatively high debt to equity ratio of 31.16.
Is it a good time to buy CRBG stock, according to Wall Street analysts?
Out of 8 Equities analysts who give forecasts on CRBG, the consensus analyst rating on CRBG is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent CRBG Analyst Upgrades/Downgrades
John Barnidge, a top 10% analyst from Piper Sandler maintains CRBG with a strong buy rating and raises their CRBG price target from $30.00 to $34.00, on Apr 5, 2024.
Piper Sandler's John Barnidge raised their price target on Corebridge Financial (NYSE: CRBG) by 13.3% from $30 to $34 on 2024/04/05. The analyst maintained their Strong Buy rating on the stock.
In an Insurance sector review ahead of earnings season, Barnidge cautioned that "there is near-term volatility to life insurance company earnings from variable investment income headwinds and commentary around spread income peaking, and valuations "are generally not screening as overly optimistic."
Footnotes
Yahoo Finance reports that the current consensus EPS estimate for Corebridge Financial's upcoming quarter is $1.11 which, if achieved, would represent a 14.4% increase over last year's $0.97.
Brian Meredith, a top 7% analyst from UBS maintains CRBG with a strong buy rating and raises their CRBG price target from $22.00 to $28.00, on Jan 10, 2024.
Alex Scott, a top 16% analyst from Goldman Sachs maintains CRBG with a strong buy rating and raises their CRBG price target from $27.00 to $31.00, on Jan 9, 2024.
You can dig deeper into what analysts are forecasting on the Corebridge Financial stock forecast page.
CRBG Technicals
CRBG Revenue
Last year, CRBG earnings were $1.10B. In the last 4 year, CRBG's earnings have gone up by 116.7% per year. This was faster than the Asset Management industry average of 7.89%.
Last year, CRBG revenue was $18.88B. During the past 4 year, CRBG's revenue has increased by 9.34% per year. This was slower than the Asset Management industry average of 20.68%.
Learn more about CRBG's earnings and revenue performance here.
Latest Insiders Trades at CRBG
In the past 12 months, insiders at CRBG have sold more shares than they have bought.
Terri N. Fiedler, President Retirement Services of CRBG, was the latest CRBG insider to sell. They sold $123,290.05 worth of CRBG stock on Mar 30, 2024.
Get more info about who owns CRBG shares here.
Does CRBG provide a stable income stream?
No, Corebridge Financial doesn't provide an income stream by paying out dividends.
CRBG Social Trading Data
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Step 5: Make your CRBG buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, place a limit order.
Hit the Open button and your broker will execute your order.
If you need more help with investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your CRBG investment
Now that you own some CRBG stock, you'll want to keep up with your new shares.
Put CRBG on a watchlist to track your CRBG stock.
CRBG Feed
How to Buy Stock in Corebridge Financial
To summarize, here are the 6 steps you need to take to buy Corebridge Financial stock right now:
- Decide where to buy Corebridge Financial stock
- Open your brokerage account
- Deposit money your brokerage account
- Evaluate Corebridge Financial stock
- Make your CRBG buy order
- Get the latest news on your CRBG investment
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Corebridge Financial, hit the button below to create your watchlist.
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