Corebridge Financial (CRBG) Expected to Announce Earnings on Monday

Corebridge Financial (NYSE:CRBG - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of $1.18 per share and revenue of $5.28 billion for the quarter.

Corebridge Financial (NYSE:CRBG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.04). Corebridge Financial had a return on equity of 22.69% and a net margin of 11.39%. On average, analysts expect Corebridge Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Corebridge Financial Price Performance

Shares of NYSE:CRBG traded up $0.76 during midday trading on Friday, reaching $30.71. The company's stock had a trading volume of 730,000 shares, compared to its average volume of 3,536,876. The business's fifty day simple moving average is $30.31 and its 200-day simple moving average is $31.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13. Corebridge Financial has a fifty-two week low of $23.69 and a fifty-two week high of $35.36. The company has a market capitalization of $16.96 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.43 and a beta of 0.98.

Corebridge Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Corebridge Financial's previous quarterly dividend of $0.23. Corebridge Financial's dividend payout ratio (DPR) is presently 25.40%.

Analyst Ratings Changes

Several analysts have recently commented on CRBG shares. Keefe, Bruyette & Woods decreased their price target on shares of Corebridge Financial from $40.00 to $37.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company lowered their target price on Corebridge Financial from $38.00 to $35.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. BMO Capital Markets began coverage on Corebridge Financial in a research report on Thursday, January 23rd. They set an "outperform" rating and a $43.00 target price for the company. UBS Group cut Corebridge Financial from a "buy" rating to a "sell" rating and decreased their price target for the company from $40.00 to $28.00 in a report on Wednesday, April 2nd. Finally, Morgan Stanley dropped their price objective on Corebridge Financial from $43.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Corebridge Financial has a consensus rating of "Moderate Buy" and an average price target of $36.15.

Corebridge Financial Company Profile

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.