Corebridge Financial (NYSE:CRBG – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Corebridge Financial to post earnings of $0.99 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Corebridge Financial Trading Up 0.3 %
Corebridge Financial stock opened at $23.41 on Thursday. The company has a market capitalization of $14.77 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 0.28 and a beta of 0.85. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.18. Corebridge Financial has a 12 month low of $14.01 and a 12 month high of $25.02. The business’s fifty day simple moving average is $22.63 and its two-hundred day simple moving average is $20.53.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. UBS Group upped their price target on Corebridge Financial from $22.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. The Goldman Sachs Group upped their price target on Corebridge Financial from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Corebridge Financial currently has an average rating of “Moderate Buy” and a consensus target price of $25.11.
Institutional Trading of Corebridge Financial
Several institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC purchased a new position in Corebridge Financial during the 4th quarter valued at approximately $208,000. State of Wyoming bought a new stake in shares of Corebridge Financial in the 4th quarter valued at approximately $197,000. Citigroup Inc. lifted its stake in shares of Corebridge Financial by 395.5% in the 2nd quarter. Citigroup Inc. now owns 10,882 shares of the company’s stock valued at $192,000 after purchasing an additional 8,686 shares during the last quarter. UBS Group AG bought a new stake in shares of Corebridge Financial in the 3rd quarter valued at approximately $186,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Corebridge Financial in the 2nd quarter valued at approximately $177,000. Hedge funds and other institutional investors own 34.15% of the company’s stock.
About Corebridge Financial
Corebridge Financial, Inc provides retirement solutions and insurance products in the United States. It 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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