Corebridge Financial (NYSE:CRBG – Get Free Report) posted its earnings results on Friday. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05, Briefing.com reports. The firm had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Corebridge Financial had a return on equity of 23.11% and a net margin of 5.92%. During the same period in the previous year, the firm earned $0.97 earnings per share.
Corebridge Financial Stock Up 2.0 %
NYSE:CRBG opened at $28.68 on Monday. Corebridge Financial has a twelve month low of $14.91 and a twelve month high of $29.53. The firm has a market capitalization of $17.85 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.33 and a beta of 0.96. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average price is $26.61 and its two-hundred day moving average price is $23.71.
Corebridge Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.23 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.21%. Corebridge Financial’s dividend payout ratio is 24.21%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on CRBG
Corebridge Financial Company Profile
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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