Will Corebridge Financial (CRBG) Benefit from the Current Interest Rate Environment?
==========
Corebridge Financial, Inc. (NYSE:CRBG) is expected to benefit from the current interest rate environment, according to Artisan Value Income Fund. The investment management company highlighted Corebridge Financial as one of its top contributors in its first quarter 2024 investor letter. Corebridge Financial offers retirement solutions and insurance products and has been performing well since becoming a standalone entity. The company is expected to benefit from the "higher for longer" interest rate environment, which has driven an increase in spread income. Corebridge Financial yields 3.2% on its dividend and has a double-digit free cash flow yield. The company also paid two special dividends in 2023 totaling $1.78. Despite its potential, Corebridge Financial is not among the most popular stocks among hedge funds.
#CorebridgeFinancial #Crbg #InterestRateEnvironment #ArtisanValueIncomeFund #RetirementSolutions #InsuranceProducts #SpreadIncome #Dividend #FreeCashFlow #HedgeFunds
https://finance.yahoo.com/news/corebridge-financial-crbg-benefit-current-122230174.html
Yahoo Finance /
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2024-06-06 15:13:09
Author Public Key
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2024-06-06 15:13:09Event JSON
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"content": "Will Corebridge Financial (CRBG) Benefit from the Current Interest Rate Environment?\n==========\n\nCorebridge Financial, Inc. (NYSE:CRBG) is expected to benefit from the current interest rate environment, according to Artisan Value Income Fund. The investment management company highlighted Corebridge Financial as one of its top contributors in its first quarter 2024 investor letter. Corebridge Financial offers retirement solutions and insurance products and has been performing well since becoming a standalone entity. The company is expected to benefit from the \"higher for longer\" interest rate environment, which has driven an increase in spread income. Corebridge Financial yields 3.2% on its dividend and has a double-digit free cash flow yield. The company also paid two special dividends in 2023 totaling $1.78. Despite its potential, Corebridge Financial is not among the most popular stocks among hedge funds.\n\n#CorebridgeFinancial #Crbg #InterestRateEnvironment #ArtisanValueIncomeFund #RetirementSolutions #InsuranceProducts #SpreadIncome #Dividend #FreeCashFlow #HedgeFunds\n\nhttps://finance.yahoo.com/news/corebridge-financial-crbg-benefit-current-122230174.html",
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