Norges Bank Reduces $572M in Corebridge Financial, Inc. ($CRBG)

Key Points

  • Norges Bank changed its Corebridge Financial, Inc. ($CRBG) stake by 100.0% last quarter, cutting to 0 shares.
  • Wall Street's consensus rating on $CRBG is Buy and an average price target of $34.75.
  • $CRBG last traded around $28.20.

Norges Bank reduced its position in Corebridge Financial, Inc. ($CRBG), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Corebridge Financial, Inc. after selling 20,270,137 shares during the quarter.

Corebridge Financial, Inc. ($CRBG) Stock

Last price$28.20
Market cap$13.13B
P/E ratio71.85
Forward P/E4.93
Beta1.07
52-week low$22.19
52-week high$36.57
50-day MA$26.70
200-day MA$29.17
Current ratio1.18
Quick ratio0.19
Debt-to-equity1.48

Corebridge Financial, Inc. Earnings

EPS (ttm)$0.40
Revenue (ttm)$18.69B
Revenue growth2.1%
Net margin1.3%
Return on equity1.7%
Next earningsMay 4, 2026

Corebridge Financial, Inc. Dividend

Annual dividend$0.98
Dividend yield341.00%
Payout ratio242.5%
Ex-dividend dateJun 16, 2026

Analysts Set New Price Targets

ConsensusBuy
Average target$34.75
High target$41.00
Low target$29.00
Analysts covering12

About Corebridge Financial, Inc.

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 and registered index-linked, and variable annuities. The Group Retirement segment offers in-plan products and services comprising an open architecture recordkeeping platform that allows plan participants to allocate money to a variety of mutual fund options or a fixed interest account; flexible group variable and fixed annuity; and in-plan investment advisory services. It also provides out-of-plan products and services, including proprietary and non-proprietary annuities; investment advisory solutions, such as fiduciary, fee-based investments; and brokerage services for non-proprietary variable annuity, securities, life insurance, mutual funds, and 529 plans. The Life Insurance segment offers term, whole, index universal, and guaranteed universal life insurance products. The Institutional Markets segment provides defined contribution and bank-owned life insurance stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank-owned life insurance, private placement variable universal life and annuities 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.

ExchangeNYSE
SectorFinancial Services
IndustryAsset Management
HeadquartersHouston, TX
CEOMr. Marc M. Costantini
Employees4,800

See Also

This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.