Corebridge Financial (NYSE:CRBG – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.04, Briefing.com reports. Corebridge Financial had a net margin of 10.16% and a return on equity of 23.77%. The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same period last year, the firm posted $1.04 earnings per share.
Corebridge Financial Stock Performance
NYSE:CRBG opened at $23.70 on Monday. The firm’s fifty day simple moving average is $29.29 and its 200 day simple moving average is $27.53. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.94. Corebridge Financial has a twelve month low of $17.40 and a twelve month high of $34.66. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.37 and a beta of 0.97.
Corebridge Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.92 dividend on an annualized basis and a yield of 3.88%. Corebridge Financial’s dividend payout ratio (DPR) is 24.21%.
Analyst Ratings Changes
View Our Latest Report on Corebridge Financial
Insider Buying and Selling at Corebridge Financial
In other Corebridge Financial news, major shareholder International Group American sold 1,932,609 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $29.20, for a total value of $56,432,182.80. Following the completion of the sale, the insider now owns 292,271,027 shares of the company’s stock, valued at $8,534,313,988.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.
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.
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