Corebridge FinancialCRBG
CRBG
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
42% more repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 113
1% more funds holding
Funds holding: 373 [Q2] → 377 (+4) [Q3]
7% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 61
3.29% less ownership
Funds ownership: 98.75% [Q2] → 95.46% (-3.29%) [Q3]
6% less capital invested
Capital invested by funds: $17.5B [Q2] → $16.5B (-$1.02B) [Q3]
30% less funds holding in top 10
Funds holding in top 10: 10 [Q2] → 7 (-3) [Q3]
64% less call options, than puts
Call options by funds: $51.9M | Put options by funds: $144M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$34
15%
upside
Avg. target
$36
20%
upside
High target
$37
25%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Piper Sandler John Barnidge 68% 1-year accuracy 28 / 41 met price target | 18%upside $35 | Overweight Maintained | 18 Dec 2024 |
TD Cowen Daniel Bergman 0% 1-year accuracy 0 / 4 met price target | 25%upside $37 | Buy Maintained | 27 Nov 2024 |
Barclays Alex Scott 56% 1-year accuracy 32 / 57 met price target | 21%upside $36 | Equal-Weight Maintained | 5 Nov 2024 |
Morgan Stanley Nigel Dally 90% 1-year accuracy 9 / 10 met price target | 15%upside $34 | Equal-Weight Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 3 articles about CRBG published over the past 30 days
Positive
Seeking Alpha
2 days ago
CRBD: The First Exchange-Traded Debt Issue Of Corebridge Financial
Corebridge Financial, Inc.'s new junior subordinated notes, CRBD, offer a 6.375% annual interest, trading above par with a YTC of 6.03% and YTM of 6.38%. Despite Corebridge's recent financial losses, Fitch rated CRBD BBB- and affirmed the company's A- long-term issuer default rating with a stable outlook. CRBD is undervalued compared to Corebridge's OTC debt issues and average US BBB-rated corporate debt, presenting a higher credit spread and potential value.
Neutral
Business Wire
1 week ago
Corebridge Financial Announces Updates to Board of Directors
HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced updates to its Board of Directors. Peter Zaffino, Chairman & Chief Executive Officer of American International Group, Inc. (AIG), will step down as Chairman of the Board of Corebridge Financial after serving in this role since November 2021. Alan Colberg has been elected to succeed Mr. Zaffino as Chair of the Board of Directors. Mr. Colberg has served on the Corebridge Financial Board of Directors since Septem.
Neutral
Zacks Investment Research
1 week ago
CRBG vs. MURGY: Which Stock Is the Better Value Option?
Investors looking for stocks in the Insurance - Multi line sector might want to consider either Corebridge Financial (CRBG) or M?nchener R?ckversicherungs-Gesellschaft (MURGY). But which of these two stocks presents investors with the better value opportunity right now?
Neutral
Zacks Investment Research
1 month ago
Corebridge Stock Down Despite Q3 Earnings Beat on Fixed Annuity Growth
CRBG's Q3 results reflect increased fixed annuity deposits and higher net investment income, partly offset by higher costs resulting from elevated policyholder benefits.
Neutral
Business Wire
1 month ago
Corebridge Financial Announces Pricing of Secondary Offering of Common Stock by AIG
HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that the previously announced secondary offering by American International Group, Inc. (NYSE: AIG) of common stock of Corebridge Financial has priced at $31.20 per share. The offering is expected to close on November 12, 2024, subject to customary closing conditions. AIG, as the selling stockholder, has offered 30 million existing shares of common stock (out of approximately 568 million total shares of common stoc.
Neutral
Business Wire
1 month ago
Corebridge Financial Announces Launch of Secondary Offering of Common Stock by AIG
HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced the launch of a secondary offering of its common stock by American International Group, Inc. (NYSE: AIG). AIG, as the selling stockholder, is offering 30 million existing shares of common stock (out of approximately 568 million total shares of common stock outstanding) of Corebridge Financial and has granted a 30-day option to the underwriters to purchase up to an additional 4.5 million shares. All of the net proc.
Positive
Seeking Alpha
1 month ago
Corebridge: Solid Q3 Results Point To Ongoing Strong Capital Returns
Corebridge Financial shares surged 9% on strong Q3 earnings and higher rates post the election, with a 60% gain over the past year, aided by strong buybacks. The company reported a 32% EPS increase, with $810 million in operating earnings and aggressive capital returns, reducing share count by 8.4%. Corebridge's growth in annuity sales and AUM, particularly in fixed annuities, enhances earnings predictability and reduces hedging complexity.
Neutral
Seeking Alpha
1 month ago
Corebridge Financial, Inc. (CRBG) Q3 2024 Earnings Call Transcript
Corebridge Financial, Inc. (NYSE:CRBG ) Q3 2024 Results Conference Call November 5, 2024 11:00 AM ET Company Participants Isil Muderrisoglu - Head of Investor and Rating Agency Relations Kevin Hogan - President and Chief Executive Officer Elias Habayeb - Chief Financial Officer Conference Call Participants Alex Scott - Barclays Wes Carmichael - Autonomous Research Suneet Kamath - Jefferies Ryan Kruger - KBW Tom Gallagher - Evercore Elyse Greenspan - Wells Fargo Wilma Burdis - Raymond James Josh Shanker - Bank of America Dan Bergman - TD Cowen Operator Hello, everyone, and welcome to the Corebridge Financial, Inc. Third Quarter 2024 Earnings Call. My name is Charlie, and I'll be coordinating the call today.
Positive
Zacks Investment Research
1 month ago
Corebridge (CRBG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Corebridge (CRBG) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
Corebridge Financial (CRBG) Q3 Earnings Top Estimates
Corebridge Financial (CRBG) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.05 per share a year ago.
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