Corebridge Financial (CRBG) Stock Forecast, Price & News

13 Wall Street research 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 research analysts is that investors should "moderate buy" CRBG shares.
View CRBG analyst ratings or view top-rated stocks.

13 brokerages have issued 12-month price objectives for Corebridge Financial's stock. Their CRBG share price forecasts range from $20.00 to $26.00. On average, they expect the company's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 26.8% from the stock's current price.
View analysts price targets for CRBG or view top-rated stocks among Wall Street analysts.

Corebridge Financial's stock was trading at $20.06 at the beginning of 2023. Since then, CRBG shares have decreased by 5.7% and is now trading at $18.92.
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Corebridge Financial saw a decline in short interest in the month of August. As of August 15th, there was short interest totaling 5,930,000 shares, a decline of 13.0% from the July 31st total of 6,820,000 shares. Based on an average daily volume of 2,510,000 shares, the short-interest ratio is presently 2.4 days. Currently, 3.5% of the shares of the stock are sold short.
View Corebridge Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our CRBG earnings forecast.

Corebridge Financial, Inc. (NYSE:CRBG) announced its quarterly earnings data on Friday, August, 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 trailing twelve-month return on equity of 21.70% and a net margin of 9.99%.

Corebridge Financial announced a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, September 15th will be given a dividend of $0.23 per share on Friday, September 29th. This represents a $0.92 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for CRBG.

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).

Corebridge Financial (NYSE:CRBG) pays an annual dividend of $0.92 per share and currently has a dividend yield of 4.81%. 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.

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

Corebridge Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRBG."

Corebridge Financial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Capital Research Global Investors (4.55%), Zimmer Partners LP (0.83%), Hotchkis & Wiley Capital Management LLC (0.77%), TD Asset Management Inc (0.72%), Artisan Partners Limited Partnership (0.47%) and Marshall Wace LLP (0.37%). Insiders that own company stock include Alan B Colberg and International Group American.
View institutional ownership trends.

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.
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One share of CRBG stock can currently be purchased for approximately $18.92.

Corebridge Financial (NYSE:CRBG) has a market capitalization of $12.03 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.

The company employs 1,100 workers across the globe.

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.