Corebridge Financial Inc’s recent filing unveils that its 10% Owner AMERICAN INTERNATIONAL GROUP, unloaded Company’s shares for reported $3.84 billion on Dec 09 ’24. In the deal valued at $31.47 per share,121,956,256 shares were sold. As a result of this transaction, AMERICAN INTERNATIONAL GROUP, now holds 127,282,642 shares worth roughly $4.08 billion.
Then, AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares, generating $936,000,000 in total proceeds. Upon selling the shares at $31.20, the 10% Owner now owns 249,238,898 shares.
Before that, AMERICAN INTERNATIONAL GROUP, sold 5,000,000 shares. Corebridge Financial Inc shares valued at $144,300,000 were divested by the 10% Owner at a price of $28.86 per share. As a result of the transaction, AMERICAN INTERNATIONAL GROUP, now holds 279,238,898 shares, worth roughly $8.95 billion.
Morgan Stanley upgraded its Corebridge Financial Inc [CRBG] rating to an Overweight from a an Equal-weight in a research note published on February 28, 2025; the price target was increased to $43 from $35. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in late January with a ‘”an Outperform”‘ rating. Deutsche Bank also remained covering CRBG and has increased its forecast on January 10, 2025 with a “Buy” recommendation from previously “Hold” rating. Barclays revised its rating on January 06, 2025. It rated CRBG as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of CRBG
On Friday, Corebridge Financial Inc [NYSE:CRBG] saw its stock fall -0.09% to $32.04. Over the last five days, the stock has lost -7.61%. Corebridge Financial Inc shares have risen nearly 7.05% since the year began. Nevertheless, the stocks have risen 30.24% over the past one year. While a 52-week high of $35.36 was reached on 03/03/25, a 52-week low of $23.77 was recorded on 01/13/25. SMA at 50 days reached $32.20, while 200 days put it at $30.20.
Levels Of Support And Resistance For CRBG Stock
The 24-hour chart illustrates a support level at 31.04, which if violated will result in even more drops to 30.04. On the upside, there is a resistance level at 32.58. A further resistance level may holdings at 33.11. The Relative Strength Index (RSI) on the 14-day chart is 45.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.33%. Stochastics %K at 32.11% indicates the stock is a holding.
The most recent change occurred on October 09, 2024 when TD Cowen began covering the stock and recommended ‘”a Buy”‘ rating along with a $35 price target.
