From Nasdaq: 2024-07-09 13:58:00

Corebridge Financial, Inc. CRBG sees rising premiums, fees, and investment income, boosting its bottom line. The company’s Zacks Rank #3 (Hold) reflects its outperformance compared to the industry. With a projected $4.88 per share in earnings for 2024, Corebridge shows strong growth potential.

Corebridge’s solid financial position is driven by increased demand for its annuity products and policy sales in a high-interest rate environment. The company’s diverse product suite and technology investments support its top-line growth. Additionally, partnerships and divestitures contribute to expanding its market reach and enhancing customer service offerings.

In May 2024, American International Group, Inc. AIG successfully deconsolidated Corebridge from its accounts, leading to abundant share supply in the market. With a dividend yield of 3.2%, Corebridge targets a 60%-65% payout ratio in 2024. Share buybacks and dividend payments demonstrate the company’s commitment to returning value to shareholders.

Coinbase Global, Inc. COIN and EverQuote, Inc. EVER are recommended over Corebridge for those seeking more profitable investment opportunities. Coinbase boasts a Zacks Rank #1 (Strong Buy) with an impressive earnings track record. EverQuote also shows strong growth potential with an average earnings surprise of 65.2%.

Investors looking for high-growth potential should consider Corebridge Financial, Inc. CRBG for its diversified product suite, solid financial performance, and partnerships driving market expansion. With an impressive track record of beating earnings estimates and strong cash reserves, the company is well-positioned to deliver value to its shareholders.

Read more at Nasdaq: Here’s Why Investors Should Hold Corebridge (CRBG) Stock Now