Gekko Brief
AI summary
This week's activity around Corebridge Financial (CRBG) centers on a comparison piece weighing it against Arthur J. Gallagher & Co. on profitability, risk and valuation, alongside continued insider buying disclosed in filings, with major shareholder Life Insurance Co Nippon acquiring shares in transactions dated 22 September and 21 September.
CRBG closed at $33.78, down 3.1% on the day, though the stock remains above both its 50-day ($33.16) and 200-day ($29.37) moving averages, with the 50-day above the 200-day. Shares sit in the GekkoIndex Neutral zone at a reading of 56.6, up 6.8 over five days. The price stands 4.7% below Gekko Fair Value of $35.43, and trades within its 52-week range of $22.19 to $35.64, up 17.1% over three months and 51.5% over six.
Corebridge's next earnings report is scheduled for 2 November, 34 days out, placing it beyond a typical 20-trading-day window. Over the last 90 days, 12 open-market insider purchases totaling $90,091,306 have been recorded, alongside a billionaire holder and a trailblazer holder. Analyst coverage from 11 firms shows 9 buy ratings and 2 hold, with a consensus target of $38.83, implying 14.9% upside. Seasonally, the next 20 trading days have averaged a 5.7% return over 4 years, positive in 3 of them.