CRBG Stock Recent News

Investors interested in stocks from the Insurance - Multi line sector have probably already heard of Corebridge Financial (CRBG) and BB Seguridade Participacoes SA (BBSEY). But which of these two stocks is more attractive to value investors?

Corebridge's (CRBG) fourth-quarter results benefit from higher base spread income and improved net investment income, partly offset by a high-cost level.

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.

Corebridge's (CRBG) fourth-quarter results are likely to reflect increasing Group Retirement fee income.

In the closing of the recent trading day, Corebridge Financial (CRBG) stood at $23.49, denoting a -0.76% change from the preceding trading day.

Corebridge Financial (CRBG) reachead $24.63 at the closing of the latest trading day, reflecting a +0.78% change compared to its last close.

In the latest trading session, Corebridge Financial (CRBG) closed at $24.56, marking a +0.37% move from the previous day.

In the closing of the recent trading day, Corebridge Financial (CRBG) stood at $24.17, denoting a +0.79% change from the preceding trading day.

Corebridge Financial shares have steadily recovered after a sharp decline during market turmoil in March and April. The company's shift from variable annuities to fixed and fixed-index annuities is boosting sales and making earnings more consistent. CRBG has a diverse investment portfolio and a solid capital position, with the potential for future special dividends and share repurchases.

Corebridge's (CRBG) third-quarter results were hurt by high-interest expenses and a decline in variable annuity deposits. Management aims to achieve a return on average equity within 12-14% in 2024.