Should I buy or sell Corebridge Financial stock right now?

11 Wall Street research 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 research 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 equities research analysts have issued 12 month price objectives for Corebridge Financial's stock. Their CRBG share price targets range from $20.00 to $38.00. On average, they expect the company's share price to reach $29.08 in the next twelve months. This suggests a possible upside of 7.8% 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 24.5% and is now trading at $26.9750. View the best growth stocks for 2024 here .

Are investors shorting Corebridge Financial?

Corebridge Financial saw a increase in short interest in March. As of March 31st, there was short interest totaling 17,330,000 shares, an increase of 18.6% from the March 15th total of 14,610,000 shares. Based on an average trading volume of 4,430,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 7.4% of the shares of the stock are short sold. 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, May 3rd 2024. View our CRBG earnings forecast .

How can I listen to Corebridge Financial's earnings call?

Corebridge Financial will be holding an earnings conference call on Friday, May 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Corebridge Financial's earnings last quarter?

Corebridge Financial, Inc. (NYSE:CRBG) posted its earnings results on Thursday, February, 15th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.05. The firm earned $5.92 billion during the quarter, compared to analysts' expectations of $5.65 billion. Corebridge Financial had a net margin of 5.92% and a trailing twelve-month return on equity of 23.11%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share.

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

Corebridge Financial announced a quarterly dividend on Wednesday, February 14th. Shareholders of record on Friday, March 15th will be given a dividend of $0.23 per share on Friday, March 29th. This represents a $0.92 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend 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 3.47%. The dividend payout ratio is 54.44%. 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 .

What ETFs hold Corebridge Financial's stock?

ETFs with the largest weight of Corebridge Financial (NYSE:CRBG) stock in their portfolio include Adaptiv Select ETF (ADPV) , Renaissance IPO ETF (IPO) , Invesco Bloomberg MVP Multi-factor ETF (PWC) , SPDR S&P Bank ETF (KBE) , WisdomTree U.S. MidCap Dividend Fund (DON) , Invesco Zacks Multi-Asset Income ETF (CVY) , First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and First Trust Large Cap Value AlphaDEX Fund (FTA) .

When did Corebridge Financial IPO?

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

Who are Corebridge Financial's major shareholders?

Corebridge Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (0.22%), Factory Mutual Insurance Co. (0.13%), Sumitomo Mitsui Trust Holdings Inc. (0.09%), Allspring Global Investments Holdings LLC (0.05%), Sound Income Strategies LLC (0.03%) and Renaissance Capital LLC (0.02%). 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 .

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NYSE:CRBG

Corebridge Financial (CRBG) Stock Price, News & Analysis

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Free CRBG Stock Alerts

$26.98

+0.43 (+1.62%)

(As of 04/19/2024 ET)

Compare

Today's Range: $26.52
▼
$27.00
50-Day Range: $23.69
▼
$28.94
52-Week Range: $14.91
▼
$29.40

Volume: 3.28 million shs
Average Volume: 3.99 million shs
Market Capitalization: $16.80 billion

P/E Ratio: 15.96
Dividend Yield: 3.41%
Price Target: $29.08

Get Corebridge Financial alerts:

Corebridge Financial MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 7.8% Upside
$29.08 Price Target
Short Interest: Bearish
7.40% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.70
Based on 6 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.

3.98 out of 5 stars

Finance Sector

364th out of 849 stocks

Life Insurance Industry

10th out of 20 stocks

2.4

Analyst's Opinion

Consensus Rating
Corebridge Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Corebridge Financial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
7.40% 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 3.9, 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 18.62%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Corebridge Financial pays a meaningful dividend of 3.47%, 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 54.44%. 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 15.78% 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.

3.2

News and Social Media Coverage

News Sentiment
Corebridge Financial has a news sentiment score of 0.70. 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 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Corebridge Financial this week, compared to 4 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 -25% compared to the previous 30 days.
MarketBeat Follows
10 people have added Corebridge Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

1.7

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
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.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Corebridge Financial are expected to grow by 20.95% in the coming year, from $4.82 to $5.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Corebridge Financial is 15.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Corebridge Financial is 15.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.21.
Price to Earnings Growth Ratio
Corebridge Financial has a PEG Ratio of 0.31. 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 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

CRBG Stock News Headlines

April 16, 2024 | americanbankingnews.com

Corebridge Financial (NYSE:CRBG) Price Target Increased to $28.00 by Analysts at Morgan Stanley

April 14, 2024 | americanbankingnews.com

Royal Bank of Canada Reiterates "Outperform" Rating for Corebridge Financial (NYSE:CRBG)

April 20, 2024 | DTI (Ad)

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April 14, 2024 | americanbankingnews.com

Corebridge Financial, Inc. (NYSE:CRBG) Sees Large Growth in Short Interest

April 13, 2024 | americanbankingnews.com

Evercore ISI Increases Corebridge Financial (NYSE:CRBG) Price Target to $32.00

April 13, 2024 | americanbankingnews.com

Corebridge Financial (NYSE:CRBG) PT Raised to $33.00 at Wells Fargo & Company

April 12, 2024 | americanbankingnews.com

Corebridge Financial, Inc. (NYSE:CRBG) Receives Consensus Rating of "Moderate Buy" from Analysts

April 11, 2024 | americanbankingnews.com

Corebridge Financial (NYSE:CRBG) Given New $38.00 Price Target at Keefe, Bruyette & Woods

April 20, 2024 | DTI (Ad)

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April 9, 2024 | businesswire.com

Armanino Introduces Advanced Fund Administration Services to Enhance Private Equity and Real Estate Fund Management

April 9, 2024 | businesswire.com

Cutting-Edge Generative AI Power with Majesco's Copilot Spearheads the Spring '24 Release

April 9, 2024 | businesswire.com

Corebridge Financial Completes Sale of UK Life Insurance Business to Aviva plc

April 4, 2024 | businesswire.com

Corebridge Financial Schedules Announcement of First Quarter 2024 Financial Results

March 31, 2024 | msn.com

Most of us want to live to 100. Wait until you hear how much that retirement costs.

March 22, 2024 | nasdaq.com

CRBG Factor-Based Stock Analysis

March 21, 2024 | benzinga.com

Corebridge Financial Options Trading: A Deep Dive into Market Sentiment

March 15, 2024 | markets.businessinsider.com

Buy Recommendation for Corebridge Financial Amidst Valuation Adjustment Potential and AIG Ownership Overhang

March 15, 2024 | seekingalpha.com

Corebridge: A Favorable Interest Rate Environment Supports Ongoing Upside

March 12, 2024 | finance.yahoo.com

Americans Embracing Possibility of Living to 100, Many Expecting Over Three Decades of Retirement

March 11, 2024 | businesswire.com

Corebridge Financial Elects Deborah Leone to Board of Directors

March 9, 2024 | finance.yahoo.com

Corebridge Financial, Inc. (NYSE:CRBG) Passed Our Checks, And It's About To Pay A US$0.23 Dividend

February 29, 2024 | nj.com

Corebridge Financial (AIG) life insurance review 2024

February 23, 2024 | ca.finance.yahoo.com

CRBG Mar 2024 30.000 call

February 21, 2024 | seekingalpha.com

CRBG Corebridge Financial, Inc.

February 18, 2024 | finance.yahoo.com

Corebridge Financial (NYSE:CRBG) Is Due To Pay A Dividend Of $0.23

February 18, 2024 | finance.yahoo.com

CRBG Mar 2024 22.500 put

February 17, 2024 | finance.yahoo.com

Corebridge Financial Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

See More Headlines

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Company Calendar

Last Earnings: 2/15/2024
Ex-Dividend for 3/29 Dividend: 3/14/2024
Dividend Payable: 3/29/2024
Today: 4/20/2024
Next Earnings (Confirmed): 5/03/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Life insurance
Sub-Industry: N/A
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: $29.08
High Stock Price Target: $38.00
Low Stock Price Target: $20.00
Potential Upside/Downside: +7.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.69
Trailing P/E Ratio: 15.96
Forward P/E Ratio: 5.60
P/E Growth: 0.31
Net Income: $1.10 billion
Net Margins: 5.92%
Pretax Margin: 4.98%
Return on Equity: 23.11%
Return on Assets: 0.72%

Debt

Debt-to-Equity Ratio: 0.92
Current Ratio: 0.14
Quick Ratio: 0.14

Sales & Book Value

Annual Sales: $18.88 billion
Price / Sales: 0.89
Cash Flow: $4.89 per share
Price / Cash Flow: 5.52
Book Value: $20.02 per share
Price / Book: 1.35

Miscellaneous

Outstanding Shares: 622,550,000
Free Float: 621,990,000
Market Cap: $16.79 billion
Optionable: Optionable
Beta: 0.86

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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 59)
Executive VP & President of Retirement Services
Comp: $1.67M
Mr. Christopher Brian Smith (Age 54)
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 47)
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRBG Stock Analysis - Frequently Asked Questions

Should I buy or sell Corebridge Financial stock right now?: 11 Wall Street research 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 research 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 equities research analysts have issued 12 month price objectives for Corebridge Financial's stock. Their CRBG share price targets range from $20.00 to $38.00. On average, they expect the company's share price to reach $29.08 in the next twelve months. This suggests a possible upside of 7.8% 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 24.5% and is now trading at $26.9750.
View the best growth stocks for 2024 here.
Are investors shorting Corebridge Financial?: Corebridge Financial saw a increase in short interest in March. As of March 31st, there was short interest totaling 17,330,000 shares, an increase of 18.6% from the March 15th total of 14,610,000 shares. Based on an average trading volume of 4,430,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 7.4% of the shares of the stock are short sold.
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, May 3rd 2024.
View our CRBG earnings forecast.
How can I listen to Corebridge Financial's earnings call?: Corebridge Financial will be holding an earnings conference call on Friday, May 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Corebridge Financial's earnings last quarter?: Corebridge Financial, Inc. (NYSE:CRBG) posted its earnings results on Thursday, February, 15th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.05. The firm earned $5.92 billion during the quarter, compared to analysts' expectations of $5.65 billion. Corebridge Financial had a net margin of 5.92% and a trailing twelve-month return on equity of 23.11%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share.

How often does Corebridge Financial pay dividends? What is the dividend yield for Corebridge Financial?: Corebridge Financial announced a quarterly dividend on Wednesday, February 14th. Shareholders of record on Friday, March 15th will be given a dividend of $0.23 per share on Friday, March 29th. This represents a $0.92 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend 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 3.47%. The dividend payout ratio is 54.44%. 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.
What ETFs hold Corebridge Financial's stock?: ETFs with the largest weight of Corebridge Financial (NYSE:CRBG) stock in their portfolio include Adaptiv Select ETF (ADPV), Renaissance IPO ETF (IPO), Invesco Bloomberg MVP Multi-factor ETF (PWC), SPDR S&P Bank ETF (KBE), WisdomTree U.S. MidCap Dividend Fund (DON), Invesco Zacks Multi-Asset Income ETF (CVY), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and First Trust Large Cap Value AlphaDEX Fund (FTA).
When did Corebridge Financial IPO?: Corebridge Financial (CRBG) raised $1.8 billion in an initial public offering (IPO) on Thursday, September 15th 2022. The company issued 80,000,000 shares at $21.00-$24.00 per share.
Who are Corebridge Financial's major shareholders?: Corebridge Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (0.22%), Factory Mutual Insurance Co. (0.13%), Sumitomo Mitsui Trust Holdings Inc. (0.09%), Allspring Global Investments Holdings LLC (0.05%), Sound Income Strategies LLC (0.03%) and Renaissance Capital LLC (0.02%). 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 4/20/2024 by MarketBeat.com Staff

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Corebridge Financial (CRBG) Stock Price, News & Analysis

Corebridge Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Corebridge Financial Stock (NYSE:CRBG)

CRBG Stock Price History

CRBG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CRBG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™