NYSE:CRBG

Corebridge Financial (CRBG) Stock Forecast, Price & News

$19.75

-0.08 (-0.40%)

(As of 09/29/2023 ET)

Compare

Today's Range: $19.71
▼
$20.20
50-Day Range: $17.48
▼
$20.18
52-Week Range: $14.01
▼
$23.50

Volume: 2.33 million shs
Average Volume: 2.06 million shs
Market Capitalization: $12.56 billion

P/E Ratio: 6.10
Dividend Yield: 4.66%
Price Target: $24.00

Corebridge Financial MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.69 Rating Score
Upside/Downside: 21.5% Upside
$24.00 Price Target
Short Interest: Bearish
5.00% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.31
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 21.29%
From $4.18 to $5.07 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Finance Sector

418th out of 862 stocks

Life Insurance Industry

12th out of 22 stocks

2.3

Analyst's Opinion

Consensus Rating
Corebridge Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.00, Corebridge Financial has a forecasted upside of 21.5% from its current price of $19.75.
Amount of Analyst Coverage
Corebridge Financial has only been the subject of 4 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.00% of the float of Corebridge Financial has been sold short.
Short Interest Ratio / Days to Cover
Corebridge Financial has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in Corebridge Financial has recently increased by 39.27%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Corebridge Financial is a leading dividend payer. It pays a dividend yield of 4.64%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Corebridge Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Corebridge Financial is 28.40%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Corebridge Financial will have a dividend payout ratio of 18.15% next year. This indicates that Corebridge Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CRBG.

1.8

News and Social Media Coverage

News Sentiment
Corebridge Financial has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Corebridge Financial this week, compared to 2 articles on an average week.
Search Interest
Only 6 people have searched for CRBG on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Corebridge Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Corebridge Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.09% of the stock of Corebridge Financial is held by insiders.
Percentage Held by Institutions
Only 34.15% of the stock of Corebridge Financial is held by institutions.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Corebridge Financial are expected to grow by 21.29% in the coming year, from $4.18 to $5.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Corebridge Financial is 6.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Corebridge Financial is 6.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 69.49.
Price to Earnings Growth Ratio
Corebridge Financial has a PEG Ratio of 0.22. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Corebridge Financial has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Corebridge Financial (NYSE:CRBG) Stock

Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. It 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. The company was incorporated in 1998 and is headquartered in Houston, Texas. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc.

CRBG Price History

30 days | 90 days | 365 days | Advanced Chart

CRBG Stock News Headlines

September 26, 2023 | finance.yahoo.com

Upcoming Student Loan Repayments Likely to Test Many Retirement Dreams

September 25, 2023 | reuters.com

Aviva to buy AIG's UK life insurance business for $563 million

October 1, 2023 | Oxford Club (Ad)

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September 25, 2023 | finance.yahoo.com

AIG's Corebridge (CRBG) to Sell UK Life, Streamlines Operations

September 25, 2023 | msn.com

Corebridge Financial Divests UK Life Insurance Business To Focus On Core US Portfolio

September 25, 2023 | finance.yahoo.com

Corebridge Financial to Sell UK Life Insurance Business to Aviva plc

September 25, 2023 | americanbankingnews.com

Corebridge Financial, Inc. (NYSE:CRBG) Given Average Rating of "Moderate Buy" by Analysts

September 21, 2023 | americanbankingnews.com

Corebridge Financial (NYSE:CRBG) & AIA Group (OTCMKTS:AAGIY) Critical Contrast

October 1, 2023 | Oxford Club (Ad)

Better Than Oil Stocks

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

September 16, 2023 | msn.com

Corebridge Financial (CRBG) Gains As Market Dips: What You Should Know

September 14, 2023 | finance.yahoo.com

Unraveling Corebridge Financial Inc's Dividend Performance: A Deep Dive

September 9, 2023 | finance.yahoo.com

There's A Lot To Like About Corebridge Financial's (NYSE:CRBG) Upcoming US$0.23 Dividend

August 15, 2023 | markets.businessinsider.com

Corebridge Financial, Inc. (CRBG) Gets a Buy from Wells Fargo

August 14, 2023 | finance.yahoo.com

Corebridge Financial Names Isil Muderrisoglu Head of Investor and Rating Agency Relations

August 9, 2023 | msn.com

Citigroup Maintains Corebridge Financial (CRBG) Neutral Recommendation

August 9, 2023 | benzinga.com

Expert Ratings for Corebridge Financial

August 8, 2023 | msn.com

Morgan Stanley Maintains Corebridge Financial (CRBG) Equal-Weight Recommendation

August 7, 2023 | ca.finance.yahoo.com

Corebridge Financial, Inc. (NYSE:CRBG) Q2 2023 Earnings Call Transcript

August 4, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: DBS Group Holdings (OtherDBSDF) and Corebridge Financial, Inc. (CRBG)

August 4, 2023 | uk.style.yahoo.com

Corebridge (CRBG) Q2 Earnings Top on Premium Growth, Rise Y/Y

August 4, 2023 | washingtonpost.com

Corebridge: Q2 Earnings Snapshot

August 4, 2023 | finance.yahoo.com

Corebridge Financial Announces Second Quarter 2023 Results

August 3, 2023 | finance.yahoo.com

Corebridge Financial Insider Ups Holding During Year

August 3, 2023 | markets.businessinsider.com

Corebridge Financial To Sell Laya Healthcare To AXA For EUR 650 Mln In Cash

August 3, 2023 | finance.yahoo.com

Corebridge Financial to Sell Laya Healthcare to AXA

August 1, 2023 | finance.yahoo.com

Will Higher Benefits Affect Corebridge's (CRBG) Q2 Earnings?

July 24, 2023 | finance.yahoo.com

Corebridge Financial (CRBG) Outpaces Stock Market Gains: What You Should Know

See More Headlines

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CRBG Company Calendar

Last Earnings: 8/04/2023
Ex-Dividend for 9/29 Dividend: 9/14/2023
Dividend Payable: 9/29/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Life insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:CRBG
CUSIP: N/A
CIK: 1889539
Web: www.corebridgefinancial.com
Phone: 1-877-375-2422
Fax: N/A
Employees: 1,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $24.00
High Stock Price Forecast: $26.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: +21.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.69
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.24
Trailing P/E Ratio: 6.10
Forward P/E Ratio: 4.72
P/E Growth: 0.22
Net Income: $8.15 billion
Net Margins: 9.99%
Pretax Margin: 14.65%
Return on Equity: 21.70%
Return on Assets: 0.62%

Debt

Debt-to-Equity Ratio: 0.92
Current Ratio: 0.15
Quick Ratio: 0.15

Sales & Book Value

Annual Sales: $18.02 billion
Price / Sales: 0.70
Cash Flow: $4.45 per share
Price / Cash Flow: 4.44
Book Value: $14.18 per share
Price / Book: 1.39

Miscellaneous

Outstanding Shares: 635,960,000
Free Float: 635,385,000
Market Cap: $12.56 billion
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Kevin Timothy Hogan (Age 61)
Pres, CEO & Director
Comp: $3.74M

Mr. Elias Farid Habayeb (Age 50)
Exec. VP & CFO
Comp: $2.57M

Ms. Terri Nowak Fiedler (Age 59)
Exec. VP & Pres of Retirement Services
Comp: $1.67M

Ms. Lisa Michele Longino (Age 56)
Chief Investment Officer

Mr. David Ditillo (Age 47)
Chief Information Officer & Exec. VP

Josh Smith
Head of Investor Relations

Ms. Isil Muderrisoglu
Head of Investor & Rating Agency Relations

Ms. Christine Ann Nixon Esq. (Age 58)
Gen. Counsel & Exec. VP

Ms. Elizabeth Palmer (Age 59)
Chief Marketing Officer & Exec. VP

Mr. Alan Leonard Smith (Age 55)
Chief HR Officer & Exec. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRBG Stock - Frequently Asked Questions

Should I buy or sell Corebridge Financial stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corebridge Financial in the last year. There are currently 4 hold ratings and 9 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 forecast for 2023?: 13 Wall Street analysts have issued twelve-month target prices for Corebridge Financial's shares. Their CRBG share price forecasts range from $20.00 to $26.00. On average, they predict the company's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 21.5% 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 2023?: Corebridge Financial's stock was trading at $20.06 at the beginning of the year. Since then, CRBG stock has decreased by 1.5% and is now trading at $19.75.
View the best growth stocks for 2023 here.
Are investors shorting Corebridge Financial?: Corebridge Financial saw a increase in short interest in September. As of September 15th, there was short interest totaling 8,440,000 shares, an increase of 39.3% from the August 31st total of 6,060,000 shares. Based on an average daily trading volume, of 1,830,000 shares, the days-to-cover ratio is presently 4.6 days. Approximately 5.0% of the shares of the stock 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 Wednesday, November 8th 2023.
View our CRBG earnings forecast.
How were Corebridge Financial's earnings last quarter?: Corebridge Financial, Inc. (NYSE:CRBG) posted its quarterly earnings results on Friday, August, 4th. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.11. The company earned $5.85 billion during the quarter, compared to analyst estimates of $4.47 billion. Corebridge Financial had a net margin of 9.99% and a trailing twelve-month return on equity of 21.70%.
How often does Corebridge Financial pay dividends? What is the dividend yield for Corebridge Financial?: Corebridge Financial declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.23 per share on Friday, September 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for CRBG.
What ETFs hold Corebridge Financial's stock?: ETFs with the largest weight of Corebridge Financial (NYSE:CRBG) stock in their portfolio include First Trust Large Cap Value AlphaDEX Fund (FTA), AB US High Dividend ETF (HIDV), Renaissance IPO ETF (IPO) and First Trust Large Cap Core AlphaDEX Fund (FEX).First Trust Multi Cap Value AlphaDEX Fund (FAB).

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 4.64%. CRBG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 28.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRBG will have a dividend payout ratio of 18.15% 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?: (CRBG) raised $1.8 billion in an IPO on Thursday, September 15th 2022. The company issued 80,000,000 shares at a price of $21.00-$24.00 per share.
What is Corebridge Financial's stock symbol?: Corebridge Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRBG."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Corebridge Financial's stock price today?: One share of CRBG stock can currently be purchased for approximately $19.75.
How much money does Corebridge Financial make?: Corebridge Financial (NYSE:CRBG) has a market capitalization of $12.56 billion and generates $18.02 billion in revenue each year. The company earns $8.15 billion in net income (profit) each year or $3.24 on an earnings per share basis.
How many employees does Corebridge Financial have?: The company employs 1,100 workers across the globe.
How can I contact Corebridge Financial?: The official website for the company is www.corebridgefinancial.com. The company can be reached via phone at 1-877-375-2422 or via email at investorrelations@corebridgefinancial.com.

This page (NYSE:CRBG) was last updated on 10/1/2023 by MarketBeat.com Staff

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