Corebridge Financial (CRBG) to Release Quarterly Earnings on Monday

Corebridge Financial (NYSE:CRBG) will be announcing its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Corebridge Financial (NYSE:CRBG) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.09 by $0.04. Corebridge Financial had a net margin of 10.16% and a return on equity of 23.57%. The firm had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same period in the previous year, the firm posted $1.04 EPS. 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 Trading Down 0.5 %

Shares of NYSE:CRBG opened at $31.62 on Friday. The company’s 50-day moving average price is $29.38 and its two-hundred day moving average price is $28.98. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.14 and a quick ratio of 0.14. Corebridge Financial has a one year low of $18.83 and a one year high of $34.66. The stock has a market capitalization of $18.72 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 0.44 and a beta of 0.97.

Insider Activity at Corebridge Financial

In other Corebridge Financial news, major shareholder International Group American sold 8,032,129 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the transaction, the insider now owns 284,238,898 shares in the company, valued at $7,077,548,560.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CRBG has been the topic of several recent analyst reports. TD Cowen initiated coverage on shares of Corebridge Financial in a research note on Wednesday, October 9th. They set a “buy” rating and a $35.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of Corebridge Financial from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Royal Bank of Canada lowered their price objective on shares of Corebridge Financial from $33.00 to $32.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Piper Sandler lowered their price objective on shares of Corebridge Financial from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, UBS Group boosted their price objective on shares of Corebridge Financial from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Corebridge Financial has an average rating of “Moderate Buy” and a consensus target price of $34.46.

Corebridge Financial Company Profile

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.