Head to Head Comparison: Corebridge Financial (NYSE:CRBG) vs. Principal Financial Group (NASDAQ:PFG)

Corebridge Financial (NYSE:CRBG) and Principal Financial Group (NASDAQ:PFG) are both large-cap finance companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, profitability, dividends, analyst recommendations, earnings, institutional ownership and risk.

Earnings and Valuation

This table compares Corebridge Financial and Principal Financial Group”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Corebridge Financial	$20.46 billion	0.58	-$366.00 million	$0.55	47.44
Principal Financial Group	$15.63 billion	1.39	$1.19 billion	$6.99	14.43

Principal Financial Group has lower revenue, but higher earnings than Corebridge Financial. Principal Financial Group is trading at a lower price-to-earnings ratio than Corebridge Financial, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a summary of recent ratings and recommmendations for Corebridge Financial and Principal Financial Group, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Corebridge Financial	1	5	8	1	2.60
Principal Financial Group	1	7	2	0	2.10

Corebridge Financial currently has a consensus target price of $35.92, suggesting a potential upside of 37.65%. Principal Financial Group has a consensus target price of $95.33, suggesting a potential downside of 5.46%. Given Corebridge Financial’s stronger consensus rating and higher probable upside, analysts plainly believe Corebridge Financial is more favorable than Principal Financial Group.

Dividends

Corebridge Financial pays an annual dividend of $1.00 per share and has a dividend yield of 3.8%. Principal Financial Group pays an annual dividend of $3.20 per share and has a dividend yield of 3.2%. Corebridge Financial pays out 181.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Principal Financial Group pays out 45.8% of its earnings in the form of a dividend. Corebridge Financial has raised its dividend for 1 consecutive years and Principal Financial Group has raised its dividend for 2 consecutive years.

Volatility and Risk

Corebridge Financial has a beta of 1.18, meaning that its stock price is 18% more volatile than the S&P 500. Comparatively, Principal Financial Group has a beta of 0.89, meaning that its stock price is 11% less volatile than the S&P 500.

Institutional & Insider Ownership

98.3% of Corebridge Financial shares are owned by institutional investors. Comparatively, 75.1% of Principal Financial Group shares are owned by institutional investors. 0.3% of Corebridge Financial shares are owned by insiders. Comparatively, 1.1% of Principal Financial Group shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Profitability

This table compares Corebridge Financial and Principal Financial Group’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Corebridge Financial	1.20%	18.44%	0.59%
Principal Financial Group	10.10%	16.25%	0.57%

Summary

Corebridge Financial beats Principal Financial Group on 11 of the 18 factors compared between the two stocks.

About Corebridge Financial

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 annuities, variable annuities, and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides 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. The company operates as a subsidiary of American International Group, Inc.

About Principal Financial Group

Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides a portfolio of asset accumulation products and services for retirement savings and income. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, and bank products. The Principal Global Investors segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, China, Hong Kong Special Administrative Region, India, and Southeast Asia. The U.S. Insurance Solutions segment provides specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products in the United States. It also offers insurance solutions for small and medium-sized businesses and their owners, as well as executives. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.