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 6,823 funds
0
Analysts bullish %
of 6 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
16% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 56
1% more funds holding
Funds holding: 373 [Q2] → 377 (+4) [Q3]
3.51% less ownership
Funds ownership: 99.18% [Q2] → 95.67% (-3.51%) [Q3]
6% less capital invested
Capital invested by funds: $17.6B [Q2] → $16.5B (-$1.06B) [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
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$34
6%
upside
Avg. target
$36
14%
upside
High target
$40
25%
upside
6 analyst ratings
5 positive
83%
1 neutral
17%
0 negative
0%
Wells Fargo Elyse Greenspan 67% 1-year accuracy 70 / 105 met price target | 10%upside $35 | Overweight Maintained | 14 Jan 2025 |
Deutsche Bank Cave Montazeri 50% 1-year accuracy 2 / 4 met price target | 25%upside $40 | Buy Upgraded | 10 Jan 2025 |
Barclays Alex Scott 56% 1-year accuracy 38 / 68 met price target | 16%upside $37 | Overweight Upgraded | 6 Jan 2025 |
Piper Sandler John Barnidge 78% 1-year accuracy 31 / 40 met price target | 10%upside $35 | Overweight Maintained | 18 Dec 2024 |
TD Cowen Daniel Bergman 50% 1-year accuracy 2 / 4 met price target | 16%upside $37 | Buy Maintained | 27 Nov 2024 |
Financial journalist opinion
Neutral
Business Wire
4 days ago
Corebridge Financial Schedules Announcement of Fourth Quarter and Full Year 2024 Financial Results
HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it will report fourth quarter and full year 2024 financial results after the market closes on Wednesday, February 12, 2025. Corebridge earnings materials will be available in the Investors section of corebridgefinancial.com. Corebridge will host a conference call at 10:00 a.m. EST on Thursday, February 13, 2025, to review these results. The webcast can be accessed in the Investors section of corebridgefinanci.
Neutral
Business Wire
1 week ago
Corebridge Financial Announces Keith Gubbay and Colin J. Parris Appointed to Board of Directors
HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that Keith Gubbay and Colin J. Parris have joined its Board of Directors. With these appointments, the Corebridge Financial Board of Directors now consists of 13 members. “We are pleased to welcome two very strong additions to our Board,” said Alan Colberg, Chair of the Board of Corebridge Financial. “Keith and Colin bring deep business experience as well as significant technical expertise and strategic insight th.
Positive
Seeking Alpha
1 month 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 month 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 month 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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.
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