Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Corebridge Financial, Inc. (CRBG)
NYSE:CRBG
RESEARCH TOOLSreports
Corebridge Financial, Inc. (CRBG) Stock Price & Analysis
99 Followers
CRBG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$12.91 - $29.40
Previous Close$26.55
Volume3.28M
Average Volume (3M)4.42M
Market Cap
$16.53B
Enterprise Value$8.12B
Total Cash (Recent Filing)$9.53B
Total Debt (Recent Filing)$250.00M
Price to Earnings (P/E)15.5
Beta1.04
Next Earnings
May 03, 2024EPS Estimate
$1.05Last Dividend Ex-Date
Mar 14, 2024Dividend Yield3.49%
Share Statistics
EPS (TTM)1.69
Shares Outstanding622,549,838
10 Day Avg. Volume3,586,722
30 Day Avg. Volume4,422,835
Standard Deviation0.10
R-Squared0.16
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)1.42
Price to Sales (P/S)0.88
Price to Cash Flow (P/CF)5.40
P/FCF Ratio4.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.43
Enterprise Value/Gross Profit0.85
Enterprise Value/Ebitda-5.78
Forecast
1Y Price Target
$31.67Price Target Upside17.38% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Corebridge Financial, Inc. News
PremiumCompany Announcements
Corebridge Financial Announces Board Changes and New Appointment
PremiumCompany Announcements
Corebridge Appoints Deborah Leone to Board of DirectorsBulls Say, Bears Say
Bulls Say
Financial PerformanceCorebridge’s operating earnings exceeded both the high street forecast and consensus estimates, driven by strong results in Individual Retirement from higher base portfolio investment income.
Market OutlookAnalysts expect 2024 will be a breakout year for CRBG, with the company positioned for a P/E re-rating closer to peers due to its leverage to high interest rates and re-rating potential based on business mix.
Stock ValuationBased on an illustrative SOTP analysis, the AIG overhang discount is estimated at about 35%, suggesting material upside in CRBG should AIG pursue a more expeditious exit of its stake.
Bears Say
Financial PerformanceCorporate saw a loss of $159m, slightly higher than the analyst's estimate.
Investment StrategyThe pacing of AIG's sell-down of CRBG has been slower than similar past industry sell-downs, contributing to CRBG's P/E discount.
Ownership StructureAIG's intention to reduce ownership in Corebridge could introduce uncertainty and technical headwinds for the stock.
---
Ownership Overview
52.43% Insiders
16.74% Mutual Funds
5.74% Other Institutional Investors
25.09% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
CRBG FAQ
What was Corebridge Financial, Inc.’s price range in the past 12 months?
Corebridge Financial, Inc. lowest stock price was $12.91 and its highest was $29.40 in the past 12 months.
What is Corebridge Financial, Inc.’s market cap?
Currently, no data Available
When is Corebridge Financial, Inc.’s upcoming earnings report date?
Corebridge Financial, Inc.’s upcoming earnings report date is May 03, 2024 which is in 10 days.
How were Corebridge Financial, Inc.’s earnings last quarter?
Corebridge Financial, Inc. released its earnings results on Feb 15, 2024. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07.
Is Corebridge Financial, Inc. overvalued?
According to Wall Street analysts Corebridge Financial, Inc.’s price is currently Undervalued.
Does Corebridge Financial, Inc. pay dividends?
Corebridge Financial, Inc. pays a Notavailable dividend of $0.23 which represents an annual dividend yield of 3.49%. See more information on Corebridge Financial, Inc. dividends here
What is Corebridge Financial, Inc.’s EPS estimate?
Corebridge Financial, Inc.’s EPS estimate is $1.05.
How many shares outstanding does Corebridge Financial, Inc. have?
Corebridge Financial, Inc. has 622,549,870 shares outstanding.
What happened to Corebridge Financial, Inc.’s price movement after its last earnings report?
Corebridge Financial, Inc. reported an EPS of $1.04 in its last earnings report, beating expectations of $0.97. Following the earnings report the stock price went up 1.89%.
Which hedge fund is a major shareholder of Corebridge Financial, Inc.?
Among the largest hedge funds holding Corebridge Financial, Inc.’s share is Blackstone Inc.. It holds Corebridge Financial, Inc.’s shares valued at 1B.
---
Corebridge Financial, Inc. Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$31.67 (17.38% Upside)
$31.67 (17.38% Upside)
Blogger Sentiment
Bullish
CRBG Sentiment 87%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 7.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▲ 2.2%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
Technicals
SMA
Positive
20 days / 200 days
Momentum
82.63%
12-Months-Change
Fundamentals
Return on Equity
11.05%
Trailing 12-Months
Asset Growth
5.23%
Trailing 12-Months
Company Description
Corebridge Financial, Inc.
Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other.
---
CRBG Company Deck
---
CRBG Earnings Call
Q4 2024
0:00 / 0:00
---
CRBG Revenue Breakdown
39.15% Institutional
Markets
33.13% Individual
Retirement
24.57% Life Insurance
14.47% Group
Retirement
1.18% Corporate &
Other
---
CRBG Stock 12 Months Forecast
Average Price Target
$31.67
▲(17.38% Upside)
Technical Analysis
Best Analysts Covering CRBG
1 Year
1 Year Success Rate
8/9 ratings generated profit
1 Year Average Return
+29.50%
reiterated a buy rating 13 days ago
Copying Suneet Kamath's trades and holding each position for 1 Year would result in 88.89% of your transactions generating a profit, with an average return of +29.50% per trade.
---