Corebridge Financial Inc.

Company Profile

Corebridge Financial Inc. had its IPO on 2022-09-15 under the ticker symbol CRBG.

The company operates in the Financial Services sector and Asset Management industry. Corebridge Financial Inc. has a staff strength of 0 employees.

Stock update

Shares of Corebridge Financial Inc. opened at $18.34 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $18.26 - $18.74, and closed at $18.71.

This is a +1.85% increase from the previous day's closing price.

A total volume of 1,993,644 shares were traded at the close of the day’s session.

In the last one week, shares of Corebridge Financial Inc. have increased by +3.66%.

Corebridge Financial Inc.'s Key Ratios

Corebridge Financial Inc. has a market cap of $11.47 billion, indicating a price to book ratio of 1.6997 and a price to sales ratio of 0.4281.

In the last 12-months Corebridge Financial Inc.’s revenue was $23.70 billion with a gross profit of $13.56 billion and an EBITDA of $7.52 billion. The EBITDA ratio measures Corebridge Financial Inc.'s overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Corebridge Financial Inc.’s operating margin was 27.66% while its return on assets stood at 1.08% with a return of equity of 27.24%.

In Q1, Corebridge Financial Inc.’s quarterly earnings growth was a positive 65% while revenue growth was a negative 41%.

Corebridge Financial Inc.’s PE and PEG Ratio

Forward PE

5.5096

Trailing PE

2.5092

PEG

Its diluted EPS in the last 12-months stands at $7.05 per share while it has a forward price to earnings multiple of 5.5096 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Corebridge Financial Inc.’s profitability.

Corebridge Financial Inc. stock is trading at a EV to sales ratio of 0.9311 and a EV to EBITDA ratio of 2.5075. Its price to sales ratio in the trailing 12-months stood at 0.4281.

Corebridge Financial Inc. stock pays annual dividends of $0.69 per share, indicating a yield of 5.54% and a payout ratio of 31.19%.

Balance sheet and cash flow metrics

Total Assets

$366.69 billion

Total Liabilities

$1.50 billion

Operating Cash Flow

$-1477000000.00

Capital Expenditure

$0

Dividend Payout Ratio

31.19%

Corebridge Financial Inc. ended 2024 with $366.69 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $366.69 billion while shareholder equity stood at $11.56 billion.

Corebridge Financial Inc. ended 2024 with $0 in deferred long-term liabilities, $1.50 billion in other current liabilities, 6000000.00 in common stock, $17.59 billion in retained earnings and $0 in goodwill. Its cash balance stood at $465.00 million and cash and short-term investments were $163.53 billion. The company’s total short-term debt was $1,500,000,000 while long-term debt stood at $37.19 billion.

Corebridge Financial Inc.’s total current assets stands at $50.34 billion while long-term investments were $225.65 billion and short-term investments were $163.07 billion. Its net receivables were $745.00 million compared to accounts payable of $0 and inventory worth $0.

In 2024, Corebridge Financial Inc.'s operating cash flow was $-1477000000.00 while its capital expenditure stood at $0.

Comparatively, Corebridge Financial Inc. paid $0.31 in dividends in 2024.

Other key metrics

Current Trading Price

$18.71

52-Week High

$22.9082

52-Week Low

$14.01

Analyst Target Price

$24.46

Corebridge Financial Inc. stock is currently trading at $18.71 per share. It touched a 52-week high of $22.9082 and a 52-week low of $22.9082. Analysts tracking the stock have a 12-month average target price of $24.46.

Its 50-day moving average was $18.45 and 200-day moving average was $17.77 The short ratio stood at 3.48 indicating a short percent outstanding of 0%.

Around 7771.7% of the company’s stock are held by insiders while 2451.8% are held by institutions.