Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
16 September 2022Next earnings report:
02 August 2024Last dividends:
14 June 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 21:49:22 GMTAnalysts recommendations
Institutional Ownership
CRBG Latest News
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced it has met the requirements for the deconsolidation of Corebridge Financial (NYSE: CRBG) for accounting purposes. The deconsolidation is a result of AIG's decision to waive its right to majority representation on the Corebridge Financial Board of Directors and the resignation of Chris Schaper, Executive Vice President, Global Chief Underwriting Officer, AIG, from Corebridge Financial's Board of Directors.
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, sold 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial at a public offering price of $29.20 per share, which included a 30-day option to the underwriter to purchase up to an addi.
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, is offering 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial and has granted a 30-day option to the underwriter to purchase up to an additional 4.5 million shares. All of the net proceeds fr.
Oldwick, N.J.--(BUSINESS WIRE)--AM Best has stated that the credit ratings of Corebridge Financial have not changed after the announcement that AIG will sell a 20% stake to Nippon Life Insurance Company for $3.8 billion in cash. AIG will retain a 9.9% ownership stake for two years after the deal closes.
Corebridge (CRBG) lacks the necessary elements for a potential earnings surprise in its upcoming report. Be prepared with the key projections.
Increasing premiums, investment income, and efforts to streamline operations are positive indicators for Corebridge (CRBG).
In the latest trading session, Corebridge Financial (CRBG) closed at $27.54, marking a +0.04% move from the previous day.
Corebridge (CRBG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Corebridge: A Favorable Interest Rate Environment Supports Ongoing Upside
From a technical perspective, Corebridge Financial (CRBG) is looking like an interesting pick, as it just reached a key level of support. CRBG recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
What type of business is 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. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, high net worth products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc.
What sector is Corebridge Financial in?
Corebridge Financial is in the Financial Services sector
What industry is Corebridge Financial in?
Corebridge Financial is in the Asset Management industry
What country is Corebridge Financial from?
Corebridge Financial is headquartered in United States
When did Corebridge Financial go public?
Corebridge Financial initial public offering (IPO) was on 16 September 2022
What is Corebridge Financial website?
https://www.corebridgefinancial.com
Is Corebridge Financial in the S&P 500?
No, Corebridge Financial is not included in the S&P 500 index
Is Corebridge Financial in the NASDAQ 100?
No, Corebridge Financial is not included in the NASDAQ 100 index
Is Corebridge Financial in the Dow Jones?
No, Corebridge Financial is not included in the Dow Jones index
When does Corebridge Financial report earnings?
The next expected earnings date for Corebridge Financial is 02 August 2024