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Corebridge Financial, Inc. (CRBG)
NYSE:CRBG
Corebridge Financial, Inc. (CRBG) Stock Price & Analysis
110 Followers
CRBG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$14.24 - $30.98
Previous Close$30.16
Volume22.85M
Average Volume (3M)4.67M
Market Cap
$18.45B
Enterprise Value$10.04B
Total Cash (Recent Filing)$9.53B
Total Debt (Recent Filing)$250.00M
Price to Earnings (P/E)7.9
Beta0.99
Next Earnings
Aug 02, 2024EPS Estimate
$1.19Next Dividend Ex-Date
Jun 14, 2024Dividend Yield3.07%
Share Statistics
EPS (TTM)3.80
Shares Outstanding611,640,610
10 Day Avg. Volume4,333,443
30 Day Avg. Volume4,666,075
Standard Deviation0.10
R-Squared0.21
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)1.58
Price to Sales (P/S)5.50
Price to Cash Flow (P/CF)6.00
P/FCF Ratio5.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.53
Enterprise Value/Gross Profit1.06
Enterprise Value/Ebitda-7.15
Forecast
1Y Price Target
$33.63Price Target Upside3.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Corebridge Financial, Inc. News
PremiumCompany Announcements
Corebridge Financial Board Member Change in Accordance with AIG AgreementBulls Say, Bears Say
Bulls Say
Earnings GrowthAnalysts expect CRBG to be 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.
Financial StrengthStrong capital return of $1.1 billion in the recent quarter showcasing the company's financial strength.
Stock ValuationThe 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
Divestiture PaceThe pacing of AIG's sell-down of CRBG has been slower than similar past industry sell-downs, contributing to CRBG's P/E discount.
Financial PerformanceCorporate reported a loss of $159m, slightly higher than the analyst's estimate.
Ownership ReductionAIG's intention to reduce ownership in Corebridge may introduce uncertainty and technical headwinds for the stock.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CRBG FAQ
What was Corebridge Financial, Inc.’s price range in the past 12 months?
Corebridge Financial, Inc. lowest stock price was $14.24 and its highest was $30.98 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 Aug 02, 2024 which is in 77 days.
How were Corebridge Financial, Inc.’s earnings last quarter?
Corebridge Financial, Inc. released its earnings results on May 03, 2024. The company reported $1.1 earnings per share for the quarter, beating the consensus estimate of $1.051 by $0.049.
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 3.07%. See more information on Corebridge Financial, Inc. dividends here
What is Corebridge Financial, Inc.’s EPS estimate?
Corebridge Financial, Inc.’s EPS estimate is $1.19.
How many shares outstanding does Corebridge Financial, Inc. have?
Corebridge Financial, Inc. has 611,640,600 shares outstanding.
What happened to Corebridge Financial, Inc.’s price movement after its last earnings report?
Corebridge Financial, Inc. reported an EPS of $1.1 in its last earnings report, beating expectations of $1.051. Following the earnings report the stock price went up 1.991%.
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 2B.
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Corebridge Financial, Inc. Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$33.63 (3.45% Upside)
$33.63 (3.45% Upside)
Blogger Sentiment
Bullish
CRBG Sentiment 87%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 3.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.3%
Last 30 Days ▲ 7.9%
Last 30 Days ▲ 7.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
109.25%
12-Months-Change
Fundamentals
Return on Equity
21.11%
Trailing 12-Months
Asset Growth
6.27%
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.
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CRBG Company Deck
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CRBG Earnings Call
Q1 2024
0:00 / 0:00
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CRBG Revenue Breakdown
39.15% Institutional
Markets
33.13% Individual
Retirement
24.57% Life Insurance
14.47% Group
Retirement
1.18% Corporate &
Other
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CRBG Stock 12 Month Forecast
Average Price Target
$33.63
▲(3.45% Upside)
Technical Analysis
Best Analysts Covering CRBG
1 Year
1 Year Success Rate
7/7 ratings generated profit
1 Year Average Return
+42.30%
reiterated a buy rating 14 days ago
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