Corebridge Financial, Inc. (NYSE:CRBG - Get Free Report) declared a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Investors of record on Friday, June 14th will be given a dividend of 0.23 per share on Friday, June 28th. This represents a $0.92 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Friday, June 14th.
Corebridge Financial Stock Performance
CRBG traded up $0.53 on Monday, reaching $29.21. 3,726,713 shares of the stock were exchanged, compared to its average volume of 4,279,884. The company's 50-day moving average price is $26.71 and its 200 day moving average price is $23.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $18.18 billion, a PE ratio of 7.69, a PEG ratio of 0.33 and a beta of 0.96. Corebridge Financial has a fifty-two week low of $16.13 and a fifty-two week high of $29.59.
Corebridge Financial (NYSE:CRBG - Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.05 by $0.05. The business had revenue of $5.85 billion during the quarter, compared to analysts' expectations of $5.50 billion. Corebridge Financial had a net margin of 11.25% and a return on equity of 24.31%. During the same period in the previous year, the business posted $0.97 EPS. As a group, sell-side analysts forecast that Corebridge Financial will post 4.82 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on CRBG shares. Morgan Stanley lifted their price target on Corebridge Financial from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Monday, April 15th. The Goldman Sachs Group lifted their price target on shares of Corebridge Financial from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods increased their price objective on shares of Corebridge Financial from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. Wells Fargo & Company boosted their target price on shares of Corebridge Financial from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Finally, Evercore ISI raised their price target on shares of Corebridge Financial from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.17.
Read Our Latest Analysis on Corebridge Financial
Corebridge Financial Company Profile
(
Get Free Report)
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.
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