Corebridge Financial (CRBG) to Release Earnings on Monday

Corebridge Financial (NYSE:CRBG) will likely be releasing its Q1 2025 earnings data after the market closes on Monday, May 5th. Analysts expect Corebridge Financial to post earnings of $1.18 per share and revenue of $5.28 billion for the quarter.

Corebridge Financial (NYSE:CRBG) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.04). Corebridge Financial had a net margin of 11.39% and a return on equity of 22.69%. On average, analysts expect Corebridge Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Corebridge Financial Stock Up 2.1 %

CRBG stock opened at $30.59 on Friday. The company’s 50 day moving average price is $30.27 and its 200 day moving average price is $31.15. The firm has a market capitalization of $16.90 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.43 and a beta of 0.98. Corebridge Financial has a fifty-two week low of $23.69 and a fifty-two week high of $35.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13.

Corebridge Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.24 dividend. The ex-dividend date was Monday, March 17th. This is an increase from Corebridge Financial’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.14%. Corebridge Financial’s dividend payout ratio is currently 25.40%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CRBG shares. Barclays cut their price target on Corebridge Financial from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Piper Sandler boosted their target price on Corebridge Financial from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Corebridge Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $33.00 to $40.00 in a research note on Friday, January 10th. Wells Fargo & Company cut their price target on shares of Corebridge Financial from $38.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Finally, Morgan Stanley reduced their price target on shares of Corebridge Financial from $43.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Corebridge Financial has a consensus rating of “Moderate Buy” and an average price target of $36.15.

About Corebridge Financial

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.