Corebridge Financial (CRBG) Stock Price, News & Analysis

$28.68
+0.56 (+1.99%)
(As of 05/3/2024 ET)
Today's Range
$27.76
$29.53
50-Day Range
$23.78
$28.94
52-Week Range
$14.91
$29.53
Volume
6.09 million shs
Average Volume
3.88 million shs
Market Capitalization
$17.85 billion
P/E Ratio
7.55
Dividend Yield
3.21%
Price Target
$29.08

Corebridge Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
1.4% Upside
$29.08 Price Target
Short Interest
Bearish
10.27% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.81mentions of Corebridge Financial in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.95%
From $4.82 to $5.83 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.77 out of 5 stars

Finance Sector

352nd out of 874 stocks

Life Insurance Industry

10th out of 21 stocks

CRBG stock logo

About Corebridge Financial Stock (NYSE:CRBG)

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. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, private placement variable universal life and annuities products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. The company operates as a subsidiary of American International Group, Inc.

CRBG Stock Price History

CRBG Stock News Headlines

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KBW Keeps Their Buy Rating on Corebridge Financial, Inc. (CRBG)
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Smart Money Is Betting Big In CRBG Options
CRBG Factor-Based Stock Analysis
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Last Earnings
5/03/2024
Today
5/05/2024
Next Earnings (Estimated)
8/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Life insurance
Sub-Industry
N/A
Fax
N/A
Employees
5,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.08
High Stock Price Target
$38.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+1.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
4.98%

Debt

Sales & Book Value

Annual Sales
$18.88 billion
Cash Flow
$4.77 per share
Book Value
$20.02 per share

Miscellaneous

Free Float
621,990,000
Market Cap
$17.85 billion
Optionable
Optionable
Beta
0.96
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Key Executives

  • Mr. Kevin Timothy Hogan (Age 62)
    President, CEO & Director
    Comp: $3.74M
  • Mr. Elias Farid Habayeb (Age 51)
    Executive VP & CFO
    Comp: $2.57M
  • Ms. Terri Nowak Fiedler (Age 60)
    Executive VP & President of Retirement Services
    Comp: $1.67M
  • Mr. Christopher Brian Smith (Age 55)
    EVP & COO
  • Ms. Lisa Michele Longino (Age 57)
    Executive VP & Chief Investment Officer
  • Mr. Christopher Peter Filiaggi
    Senior VP & Chief Accounting Officer
  • Mr. David Ditillo (Age 48)
    Chief Information Officer & Executive VP
  • Josh Smith
    Head of Investor Relations
  • Ms. Christine Ann Nixon Esq. (Age 59)
    General Counsel & Executive VP
  • Ms. Elizabeth Palmer (Age 59)
    Chief Marketing Officer & Executive VP

CRBG Stock Analysis - Frequently Asked Questions

Should I buy or sell Corebridge Financial stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corebridge Financial in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CRBG shares.
View CRBG analyst ratings
or view top-rated stocks.

What is Corebridge Financial's stock price target for 2024?

11 Wall Street research analysts have issued 12 month target prices for Corebridge Financial's shares. Their CRBG share price targets range from $20.00 to $38.00. On average, they predict the company's share price to reach $29.08 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
View analysts price targets for CRBG
or view top-rated stocks among Wall Street analysts.

How have CRBG shares performed in 2024?

Corebridge Financial's stock was trading at $21.66 on January 1st, 2024. Since then, CRBG stock has increased by 32.4% and is now trading at $28.68.
View the best growth stocks for 2024 here
.

Are investors shorting Corebridge Financial?

Corebridge Financial saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 24,060,000 shares, an increase of 38.8% from the March 31st total of 17,330,000 shares. Based on an average daily trading volume, of 4,400,000 shares, the days-to-cover ratio is currently 5.5 days. Currently, 10.3% of the shares of the company are sold short.
View Corebridge Financial's Short Interest
.

When is Corebridge Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 2nd 2024.
View our CRBG earnings forecast
.

How were Corebridge Financial's earnings last quarter?

Corebridge Financial, Inc. (NYSE:CRBG) announced its quarterly earnings results on Friday, May, 3rd. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.05. The business had revenue of $5.85 billion for the quarter, compared to analysts' expectations of $5.50 billion. Corebridge Financial had a trailing twelve-month return on equity of 23.11% and a net margin of 5.92%. During the same quarter in the prior year, the company posted $0.97 EPS.

How often does Corebridge Financial pay dividends? What is the dividend yield for Corebridge Financial?

Corebridge Financial declared a quarterly dividend on Wednesday, February 14th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.23 per share on Friday, March 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for CRBG
.

Is Corebridge Financial a good dividend stock?

Corebridge Financial (NYSE:CRBG) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.21%. The dividend payout ratio is 24.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRBG will have a dividend payout ratio of 15.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRBG.

When did Corebridge Financial IPO?

Corebridge Financial (CRBG) raised $1.8 billion in an initial public offering on Thursday, September 15th 2022. The company issued 80,000,000 shares at a price of $21.00-$24.00 per share.

Who are Corebridge Financial's major shareholders?

Corebridge Financial's stock is owned by many different institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (0.26%), Artemis Investment Management LLP (0.22%), Factory Mutual Insurance Co. (0.13%), OFI Invest Asset Management (0.09%), Sumitomo Mitsui Trust Holdings Inc. (0.09%) and Allspring Global Investments Holdings LLC (0.05%). Insiders that own company stock include Alan B Colberg and International Group American.
View institutional ownership trends
.

How do I buy shares of Corebridge Financial?

Shares of CRBG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CRBG) was last updated on 5/5/2024 by MarketBeat.com Staff

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