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Corebridge Financial (CRBG) Expected to Benefit from Current Interest Rate Environment

2024-06-06 12:55:46.625000

Investment management company Artisan Value Income Fund has highlighted Corebridge Financial, Inc. (NYSE:CRBG) as one of its top contributors in its first quarter 2024 investor letter. Corebridge Financial, which offers retirement solutions and insurance products, has been performing well since becoming a standalone entity. The company is expected to benefit from the current 'higher for longer' interest rate environment, which has driven an increase in spread income. Corebridge Financial currently yields 3.2% on its dividend and has a double-digit free cash flow yield. In 2023, the company paid two special dividends totaling $1.78. Despite its potential, Corebridge Financial is not among the most popular stocks among hedge funds. [f823a01c]

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