Corebridge FinancialCRBG
Market Cap: $15.9B
About: Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other. The majority of its revenue derives from the Individual Retirement segment.
Employees: 5,700
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
197% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 29
91% more repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 85
43% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 10 (+3) [Q2]
18% more funds holding
Funds holding: 314 [Q1] → 371 (+57) [Q2]
2% less capital invested
Capital invested by funds: $17.9B [Q1] → $17.5B (-$418M) [Q2]
1.45% less ownership
Funds ownership: 99.98% [Q1] → 98.53% (-1.45%) [Q2]
77% less call options, than puts
Call options by funds: $69.7M | Put options by funds: $297M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Barclays Alex Scott 89% 1-year accuracy 33 / 37 met price target | 23%upside $33 | Equal-Weight Initiated | 4 Sept 2024 |
Morgan Stanley Nigel Dally 75% 1-year accuracy 12 / 16 met price target | 16%upside $31 | Equal-Weight Maintained | 19 Aug 2024 |
RBC Capital Scott Heleniak 94% 1-year accuracy 45 / 48 met price target | 19%upside $32 | Outperform Maintained | 2 Aug 2024 |
B of A Securities Joshua Shanker 56% 1-year accuracy 20 / 36 met price target | 42%upside $38 | Buy Maintained | 11 Jul 2024 |
UBS Brian Meredith 88% 1-year accuracy 28 / 32 met price target | 31%upside $35 | Buy Maintained | 9 Jul 2024 |
Financial journalist opinion
Based on 3 articles about CRBG published over the past 30 days