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Corebridge (CRBG) Soars 5.3%: Is Further Upside Left in the Stock?
Zacks Investment Research· 2024-03-21 15:56
Corebridge Financial (CRBG) shares rallied 5.3% in the last trading session to close at $27.23. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.1% gain over the past four weeks.Corebridge is poised to grow given its operations in four market-leading businesses that provide a broad set of protection and retirement solutions to individuals and institutions. The insurer’s profitability is driven by strong top ...
Corebridge: A Favorable Interest Rate Environment Supports Ongoing Upside
Seeking Alpha· 2024-03-15 04:01
Khanchit Khirisutchalual Corebridge Financial (NYSE:CRBG) has been a strong performer over the past year, steadily rising about 62% and now trading near a 52-week-high. The company has performed well with significant capital returns, which has more than offset any headwind from share sales by its former parent, American International Group (AIG). Since recommending shares as a "strong buy" in December, CRBG has returned about 21%, outpacing the S&P 500's 11% increase. In that piece, I argued shares were wor ...
Americans Embracing Possibility of Living to 100, Many Expecting Over Three Decades of Retirement
Businesswire· 2024-03-12 12:30
HOUSTON--(BUSINESS WIRE)--More than half (54%) of Americans say it’s their goal to live to 100, according to a new study from Corebridge Financial and The Longevity Project. Family, friends and new experiences are seen as the top benefits of a very long life, with 72% of respondents citing continued meaningful relationships with family and friends and 65% looking for more time to explore and have new experiences. Despite wanting to celebrate a 100th birthday, many do not expect to delay their retirement ...
Corebridge Financial (CRBG) Recently Broke Out Above the 20-Day Moving Average
Zacks Investment Research· 2024-03-06 15:35
From a technical perspective, Corebridge Financial (CRBG) is looking like an interesting pick, as it just reached a key level of support. CRBG recently overtook the 20-day moving average, and this suggests a short-term bullish trend.A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving av ...
Corebridge (CRBG) Q4 Earnings Top on Higher Premiums & Deposits
Zacks Investment Research· 2024-02-15 20:21
Corebridge Financial, Inc. (CRBG) reported fourth-quarter 2023 adjusted operating earnings per share of $1.04, which outpaced the Zacks Consensus Estimate by 5.1%. The bottom line improved 12% year over year.Adjusted revenues amounted to $5.9 billion, which advanced 11.3% year over year.The quarterly results benefited on the back of strong premiums and deposits growth across the Individual Retirement and Institutional Markets segments. Improved sales in the CRBG’s spread-based product portfolio and higher n ...
ebridge Financial(CRBG) - 2023 Q4 - Annual Report
2024-02-15 19:14
TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41504 Corebridge Financial, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...
ebridge Financial(CRBG) - 2023 Q4 - Earnings Call Transcript
2024-02-15 19:03
Corebridge Financial, Inc. (NYSE:CRBG) Q4 2023 Earnings Conference Call February 15, 2024 8:30 AM ET Company Participants Isil Muderrisoglu - Investor Relations Kevin Hogan - President and Chief Executive Officer Elias Habayeb - Chief Financial Officer Conference Call Participants Ryan Krueger - KBW Joshua Shanker - Bank of America Joel Hurwitz - Dowling & Partners Jimmy Bhullar - J.P. Morgan Thomas Gallagher - Evercore ISI Elyse Greenspan - Wells Fargo Securities John Barnidge - Piper Sandler Suneet Kamath ...
ebridge Financial(CRBG) - 2023 Q4 - Earnings Call Presentation
2024-02-15 16:35
Fourth Quarter 2023 Fourth Quarter and Full Year 2023 Financial Results Presentation Financial Results Presentation ...
Corebridge Financial (CRBG) Q4 Earnings Surpass Estimates
Zacks Investment Research· 2024-02-15 15:20
Corebridge Financial (CRBG) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.05%. A quarter ago, it was expected that this financial services company would post earnings of $1.06 per share when it actually produced earnings of $1.05, delivering a surprise of -0.94%.Over the last four ...
Can Corebridge (CRBG) Q4 Earnings Beat on Investment Income?
Zacks Investment Research· 2024-02-13 17:41
Corebridge Financial, Inc. (CRBG) is poised to surpass fourth-quarter 2023 earnings expectations when it announces results on Feb 15, before the opening bell.What Do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of 99 cents suggests a 12.5% increase from the prior-year figure of 88 cents. The consensus mark remained stable over the past week. The consensus estimate for fourth-quarter revenues of $5.4 billion indicates a 1.4% increase from the year-ago reported figure.C ...