Corebridge Financial (CRBG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $31.42 to $31.83
• 50-Day Range: $26.61 to $31.72
• 52-Week Range: $18.83 to $34.66
• Volume: 1.41 million shs
• Average Volume: 3.90 million shs
• Market Capitalization: $19.34 billion
• P/E Ratio: 9.90
• Dividend Yield: 2.89%
• Price Target: $34.46
• Consensus Rating: Moderate Buy

Corebridge Financial Stock Analysis - MarketRank™

Corebridge Financial scored higher than 89% of companies evaluated by MarketBeat, and ranked 131st out of 899 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Corebridge Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Corebridge Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 20.39%

Earnings Growth

Earnings for Corebridge Financial are expected to grow by 20.39% in the coming year, from $4.66 to $5.61 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Corebridge Financial is 9.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.98.

Price to Earnings Ratio vs. Sector

The P/E ratio of Corebridge Financial is 9.88, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 51.03.

Price to Earnings Growth Ratio

Corebridge Financial has a PEG Ratio of 0.42. 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 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.58% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Corebridge Financial has recently increased by 21.66%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Corebridge Financial pays a meaningful dividend of 2.90%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Corebridge Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Corebridge Financial is 24.21%. 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 16.40% next year. This indicates that Corebridge Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.58% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Corebridge Financial has recently increased by 21.66%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.02

News Sentiment

Corebridge Financial has a news sentiment score of 1.02. 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 higher news sentiment than the 0.53 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Corebridge Financial this week, compared to 5 articles on an average week.

Search Interest

Only 7 people have searched for CRBG on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.

MarketBeat Follows

6 people have added Corebridge Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Corebridge Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $344,300,012.00 in company stock.

Percentage Held by Insiders

Only 0.09% of the stock of Corebridge Financial is held by insiders.

Percentage Held by Institutions

98.25% of the stock of Corebridge Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CRBG Stock Analysis - Frequently Asked Questions

How have CRBG shares performed this year?

Corebridge Financial's stock was trading at $21.66 at the start of the year. Since then, CRBG shares have increased by 46.4% and is now trading at $31.71.
View the best growth stocks for 2024 here.

How were Corebridge Financial's earnings last quarter?

Corebridge Financial, Inc. (NYSE:CRBG) posted its earnings results on Thursday, August, 1st. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.09 by $0.04. The firm earned $4.18 billion during the quarter, compared to analyst estimates of $5.73 billion. Corebridge Financial had a trailing twelve-month return on equity of 23.57% and a net margin of 10.16%.

When did Corebridge Financial IPO?

Corebridge Financial (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.

Who are Corebridge Financial's major shareholders?

Top institutional shareholders of Corebridge Financial include Artemis Investment Management LLP (0.26%), Factory Mutual Insurance Co. (0.13%), Allspring Global Investments Holdings LLC (0.07%) and Sound Income Strategies LLC (0.05%). Insiders that own company stock include International Group American and Alan B Colberg.
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.

What other stocks do shareholders of Corebridge Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Corebridge Financial investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 8/01/2024
• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Today: 10/24/2024
• Next Earnings (Confirmed): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Life insurance
• Sub-Industry: Insurance
• Current Symbol: NYSE:CRBG
• CUSIP: N/A
• CIK: 1889539
• Web: www.corebridgefinancial.com
• Phone: 1-877-375-2422
• Fax: N/A
• Employees: 5,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $34.46
• High Stock Price Target: $40.00
• Low Stock Price Target: $31.00
• Potential Upside/Downside: +9.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.77
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.80
• Trailing P/E Ratio: 9.80
• Forward P/E Ratio: 6.75
• P/E Growth: 0.42
• Net Income: $1.10 billion
• Net Margins: 10.16%
• Pretax Margin: 10.83%
• Return on Equity: 23.57%
• Return on Assets: 0.72%

Debt

• Debt-to-Equity Ratio: 0.97
• Current Ratio: 0.14
• Quick Ratio: 0.14

Sales & Book Value

• Annual Sales: $18.84 billion
• Price / Sales: 1.02
• Cash Flow: $5.04 per share
• Price / Cash Flow: 6.24
• Book Value: $20.02 per share
• Price / Book: 1.57

Miscellaneous

• Outstanding Shares: 608,436,000
• Free Float: 591,539,000
• Market Cap: $19.15 billion
• Optionable: Optionable
• Beta: 0.97