DOWLING & PARTN Analysts Reduce Earnings Estimates for CRBG

Corebridge Financial, Inc. (NYSE:CRBG) – Stock analysts at DOWLING & PARTN reduced their FY2026 earnings estimates for Corebridge Financial in a research report issued on Tuesday, October 13th. DOWLING & PARTN analyst J. Hurwitz now forecasts that the company will post earnings of $4.75 per share for the year, down from their prior forecast of $4.90. The consensus estimate for Corebridge Financial’s current full-year earnings is $4.62 per share.

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

CRBG has been the subject of several other research reports. UBS Group boosted their price objective on Corebridge Financial from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, October 6th. TD Cowen raised their target price on Corebridge Financial from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Zacks Research upgraded Corebridge Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Jefferies Financial Group lifted their price target on Corebridge Financial from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Mizuho boosted their price target on Corebridge Financial from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.83.

Corebridge Financial Price Performance

Shares of CRBG opened at $34.43 on Friday. The business’s 50-day moving average is $33.82 and its two-hundred day moving average is $30.17. The company has a market capitalization of $15.35 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.48 and a beta of 1.07. Corebridge Financial has a fifty-two week low of $22.19 and a fifty-two week high of $35.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.12 and a current ratio of 0.12.

Institutional Investors Weigh In On Corebridge Financial

Several hedge funds have recently modified their holdings of CRBG. Farther Finance Advisors LLC boosted its stake in shares of Corebridge Financial by 11.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,583 shares of the company’s stock worth $185,000 after acquiring an additional 590 shares in the last quarter. Allworth Financial LP increased its stake in shares of Corebridge Financial by 100.6% in the 2nd quarter. Allworth Financial LP now owns 1,444 shares of the company’s stock valued at $41,000 after purchasing an additional 724 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Corebridge Financial by 15.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,836 shares of the company’s stock valued at $193,000 after purchasing an additional 796 shares in the last quarter. State of Wyoming increased its stake in shares of Corebridge Financial by 16.1% in the 1st quarter. State of Wyoming now owns 5,919 shares of the company’s stock valued at $141,000 after purchasing an additional 823 shares in the last quarter. Finally, Corient Private Wealth LP raised its holdings in Corebridge Financial by 1.2% in the 2nd quarter. Corient Private Wealth LP now owns 72,562 shares of the company’s stock worth $2,077,000 after purchasing an additional 858 shares during the period. 98.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Life Insurance Co Nippon acquired 253,776 shares of the business’s stock in a transaction on Tuesday, October 13th. The stock was bought at an average price of $34.68 per share, with a total value of $8,800,951.68. Following the completion of the acquisition, the insider owned 128,387,932 shares of the company’s stock, valued at approximately $4,452,493,481.76. This represents a 0.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have acquired 6,227,261 shares of company stock worth $213,729,942 and have sold 28,895 shares worth $983,886. Corporate insiders own 0.32% of the company’s stock.

Corebridge Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, September 16th. Corebridge Financial’s dividend payout ratio (DPR) is currently 58.48%.

About Corebridge Financial

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.