Corebridge Financial, Inc. (NYSE:CRBG) Plans Quarterly Dividend of $0.23

Corebridge Financial, Inc. (NYSE:CRBG) announced a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.23 per share on Friday, June 28th. This represents a $0.92 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, June 14th.

Corebridge Financial Trading Up 2.8 %

CRBG stock opened at $30.04 on Wednesday. The company has a market capitalization of $18.70 billion, a PE ratio of 7.90, a P/E/G ratio of 0.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.14 and a quick ratio of 0.14. Corebridge Financial has a 12 month low of $16.13 and a 12 month high of $30.04. The firm’s 50-day moving average is $26.71 and its 200 day moving average is $23.77.

Corebridge Financial (NYSE:CRBG) last issued its quarterly earnings data on Friday, May 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.05. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.50 billion. Corebridge Financial had a net margin of 11.25% and a return on equity of 24.31%. During the same period last year, the company posted $0.97 earnings per share. On average, research analysts anticipate that Corebridge Financial will post 4.82 EPS for the current year.

Wall Street Analysts Forecast Growth

CRBG has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Corebridge Financial from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI increased their price target on shares of Corebridge Financial from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. The Goldman Sachs Group lifted their price objective on shares of Corebridge Financial from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $32.00 price objective on shares of Corebridge Financial in a research note on Friday, April 12th. Finally, UBS Group raised their target price on shares of Corebridge Financial from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Corebridge Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

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.