FY2026 Earnings Forecast for CRBG Issued By DOWLING & PARTN

Corebridge Financial, Inc. (NYSE:CRBG) – Equities research analysts at DOWLING & PARTN lifted their FY2026 earnings per share estimates for shares of Corebridge Financial in a note issued to investors on Friday, August 14th. DOWLING & PARTN analyst J. Hurwitz now expects that the company will post earnings of $4.90 per share for the year, up from their previous estimate of $4.80. The consensus estimate for Corebridge Financial’s current full-year earnings is $4.58 per share.

Corebridge Financial (NYSE:CRBG) last announced its earnings results on Wednesday, August 5th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. Corebridge Financial had a return on equity of 17.37% and a net margin of 4.37%.The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the business earned $1.36 EPS.

CRBG has been the topic of several other research reports. Barclays raised their price target 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. Zacks Research raised shares of Corebridge Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. JPMorgan Chase & Co. dropped their target price on Corebridge Financial from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their price target on Corebridge Financial from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Piper Sandler increased their price target on Corebridge Financial from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.17.

Corebridge Financial Stock Down 0.0%

Shares of CRBG opened at $33.17 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.14. Corebridge Financial has a 52 week low of $22.19 and a 52 week high of $35.22. The stock’s 50-day moving average price is $30.89 and its 200-day moving average price is $28.22. The company has a market capitalization of $14.78 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 0.44 and a beta of 1.08.

Institutional Investors Weigh In On Corebridge Financial

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its stake in shares of Corebridge Financial by 229.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,300,030 shares of the company’s stock worth $41,042,000 after buying an additional 905,918 shares in the last quarter. Focus Partners Wealth purchased a new stake in Corebridge Financial during the 1st quarter valued at about $384,000. Creative Planning purchased a new stake in Corebridge Financial during the 2nd quarter valued at about $243,000. EverSource Wealth Advisors LLC raised its holdings in Corebridge Financial by 58.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,558 shares of the company’s stock valued at $162,000 after acquiring an additional 1,688 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in Corebridge Financial by 64.4% in the 2nd quarter. Cerity Partners LLC now owns 92,554 shares of the company’s stock valued at $3,286,000 after acquiring an additional 36,239 shares during the last quarter. Hedge funds and other institutional investors own 98.25% of the company’s stock.

Insider Activity at Corebridge Financial

In related news, insider David Ditillo sold 12,414 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $34.00, for a total value of $422,076.00. Following the completion of the transaction, the insider directly owned 111,153 shares of the company’s stock, valued at approximately $3,779,202. This represents a 10.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Corebridge Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. Corebridge Financial’s payout ratio is currently 58.48%.

About Corebridge Financial

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.