FY2026 Earnings Forecast for CRBG Issued By DOWLING & PARTN

Corebridge Financial, Inc. (NYSE:CRBG) – Equities research analysts at DOWLING & PARTN lowered their FY2026 EPS estimates for shares of Corebridge Financial in a report released on Tuesday, November 10th. DOWLING & PARTN analyst J. Hurwitz now expects that the company will post earnings per share of $4.70 for the year, down from their prior forecast of $4.75. The consensus estimate for Corebridge Financial’s current full-year earnings is $4.57 per share.

CRBG has been the topic of a number of other reports. UBS Group lifted their price target on shares of Corebridge Financial from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods upped their price objective on shares of Corebridge Financial from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. TD Cowen upped their price objective on shares of Corebridge Financial from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Barclays raised their price objective on Corebridge Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Finally, Piper Sandler lifted their target price on Corebridge Financial from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.27.

Corebridge Financial Stock Down 0.3%

Shares of NYSE:CRBG opened at $36.02 on Friday. Corebridge Financial has a 52 week low of $22.19 and a 52 week high of $36.71. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $15.80 billion, a PE ratio of 7.73, a PEG ratio of 0.53 and a beta of 1.05. The company has a 50 day moving average price of $34.68 and a two-hundred day moving average price of $30.08.

Corebridge Financial (NYSE:CRBG) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.01). The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $5.36 billion. Corebridge Financial had a return on equity of 20.64% and a net margin of 11.37%. The firm’s revenue was down 20.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS.

Corebridge Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 17th. Corebridge Financial’s dividend payout ratio is presently 21.46%.

Insider Activity at Corebridge Financial

In other news, major shareholder Argon Holdco Llc sold 3,227,700 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $34.09, for a total value of $110,032,293.00. Following the completion of the transaction, the insider owned 44,234,423 shares in the company, valued at $1,507,951,480.07. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Life Insurance Co Nippon purchased 356,096 shares of Corebridge Financial stock in a transaction dated Tuesday, November 3rd. The stock was bought at an average price of $36.13 per share, with a total value of $12,865,748.48. Following the acquisition, the insider directly owned 132,890,209 shares of the company’s stock, valued at approximately $4,801,323,251.17. This trade represents a 0.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 10,729,538 shares of company stock worth $369,813,983 and have sold 3,244,181 shares worth $110,594,103. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Corebridge Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC acquired a new position in Corebridge Financial in the 2nd quarter worth $967,400,000. BlackRock Inc. acquired a new stake in shares of Corebridge Financial in the 2nd quarter valued at about $726,494,000. Dimensional Fund Advisors LP raised its stake in shares of Corebridge Financial by 43.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,870,085 shares of the company’s stock valued at $211,575,000 after purchasing an additional 2,689,611 shares during the period. Donald Smith & CO. Inc. bought a new stake in shares of Corebridge Financial in the second quarter valued at about $168,134,000. Finally, Davis Asset Management L.P. bought a new stake in shares of Corebridge Financial in the second quarter valued at about $166,054,000. 98.25% of the stock is owned by institutional investors.

Corebridge Financial Company Profile

Corebridge Financial is a U.S.-based provider of retirement solutions and insurance products. Its offerings include annuities and other individual retirement products, life insurance, and retirement plans and services for employers and their workers. The company also serves institutional clients with products and services such as pension risk-transfer solutions and funding agreements. Its business is organized around individual retirement, group retirement, life insurance, and institutional markets, with products distributed through financial professionals and other channels.