Corebridge Financial, Inc. (NYSE:CRBG) Stock Has Consensus Price Target of $37.42

Shares of Corebridge Financial, Inc. (NYSE:CRBG) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $37.42.

Several analysts recently commented on CRBG shares. Weiss Ratings upgraded Corebridge Financial from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Mizuho boosted their price target on Corebridge Financial from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Barclays increased their target price on shares of Corebridge Financial from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Wells Fargo & Company boosted their price target on shares of Corebridge Financial from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Corebridge Financial from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th.

Insider Activity

In other news, major shareholder Life Insurance Co Nippon acquired 805,782 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was acquired at an average price of $34.15 per share, for a total transaction of $27,517,455.30. Following the completion of the acquisition, the insider directly owned 125,579,654 shares in the company, valued at $4,288,545,184.10. This represents a 0.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders acquired 3,635,801 shares of company stock worth $125,164,984 and sold 33,145 shares worth $1,111,386. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Corebridge Financial

Large investors have recently made changes to their positions in the business. Pzena Investment Management LLC bought a new stake in shares of Corebridge Financial in the 2nd quarter worth approximately $967,400,000. BlackRock Inc. bought a new stake in Corebridge Financial during the second quarter worth approximately $726,494,000. Norges Bank acquired a new position in Corebridge Financial in the fourth quarter worth approximately $611,550,000. Dimensional Fund Advisors LP grew its position in Corebridge Financial by 43.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,870,085 shares of the company’s stock worth $211,575,000 after buying an additional 2,689,611 shares during the last quarter. Finally, Donald Smith & CO. Inc. bought a new position in shares of Corebridge Financial in the second quarter valued at $168,134,000. Institutional investors own 98.25% of the company’s stock.

Corebridge Financial Stock Up 1.6%

Corebridge Financial stock opened at $33.66 on Tuesday. The company has a 50-day simple moving average of $33.35 and a 200-day simple moving average of $29.41. The firm has a market capitalization of $15.00 billion, a P/E ratio of 19.68, a P/E/G ratio of 0.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.12 and a current ratio of 0.12. Corebridge Financial has a one year low of $22.19 and a one year high of $35.64.

Corebridge Financial (NYSE:CRBG) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. Corebridge Financial had a net margin of 4.37% and a return on equity of 17.37%. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period last year, the firm posted $1.36 EPS. As a group, equities analysts expect that Corebridge Financial will post 4.62 earnings per share for the current year.

Corebridge Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Wednesday, September 16th. Corebridge Financial’s dividend payout ratio is 58.48%.

Key Stories Impacting Corebridge Financial

Here are the key news stories impacting Corebridge Financial this week:

• Positive Sentiment: Nippon Life expands its stake: Nippon Life purchased 805,782 CRBG shares for approximately $27.5 million on September 28 at an average price of $34.15, increasing its ownership by 0.65% to more than 125.5 million shares. The transaction followed several other purchases during September, including an additional 216,818 shares worth about $7.3 million on September 29. SEC ownership filing
• Positive Sentiment: Persistent buying provides support: Nippon Life has steadily accumulated CRBG shares over multiple sessions, representing tens of millions of dollars in purchases. Although some transactions were made under a preset plan and may not reflect day-to-day investment decisions, the sustained accumulation can improve investor sentiment and provide a technical underpinning for the stock.
• Positive Sentiment: Income and valuation appeal: Corebridge’s quarterly dividend is $0.25 per share, or $1.00 annualized, implying an approximately 3% yield. Analysts maintain a Moderate Buy consensus with an average price target of $37.42, above recent trading levels.
• Neutral Sentiment: Upcoming earnings date announced: Corebridge will release third-quarter 2026 results after the market closes on November 2 and hold its conference call on November 3. The event is a potential catalyst, but investors will weigh the results against the company’s latest report, which showed an earnings beat alongside revenue below expectations and lower year-over-year EPS. Corebridge Financial schedules third-quarter results

Corebridge Financial Company Profile

Corebridge Financial, Inc (NYSE: CRBG) is a provider of retirement solutions and insurance products in the United States. The company serves individuals, employers and institutional clients through businesses focused on retirement services, life insurance and institutional markets.

Its offerings include fixed, variable and registered index-linked annuities; individual life insurance; employer-sponsored retirement plans; and investment, funding and risk-management solutions for institutions.