Reviewing Everest Group (NYSE:EG) & Corebridge Financial (NYSE:CRBG)

Everest Group (NYSE:EG) and Corebridge Financial (NYSE:CRBG) are both large-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their profitability, dividends, institutional ownership, risk, valuation, earnings and analyst recommendations.

Institutional & Insider Ownership

92.6% of Everest Group shares are owned by institutional investors. Comparatively, 98.3% of Corebridge Financial shares are owned by institutional investors. 1.1% of Everest Group shares are owned by company insiders. Comparatively, 0.3% of Corebridge Financial shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Analyst Recommendations

This is a summary of recent ratings and target prices for Everest Group and Corebridge Financial, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Everest Group	1	10	5	0	2.25
Corebridge Financial	0	5	9	0	2.64

Everest Group presently has a consensus target price of $382.79, suggesting a potential upside of 10.32%. Corebridge Financial has a consensus target price of $39.91, suggesting a potential upside of 27.55%. Given Corebridge Financial’s stronger consensus rating and higher possible upside, analysts plainly believe Corebridge Financial is more favorable than Everest Group.

Earnings and Valuation

This table compares Everest Group and Corebridge Financial”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Everest Group	$17.28 billion	0.84	$1.37 billion	$18.84	18.42
Corebridge Financial	$19.58 billion	0.86	$2.23 billion	($0.61)	-51.30

Corebridge Financial has higher revenue and earnings than Everest Group. Corebridge Financial is trading at a lower price-to-earnings ratio than Everest Group, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Everest Group and Corebridge Financial’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Everest Group	4.56%	5.89%	1.49%
Corebridge Financial	-1.80%	22.06%	0.74%

Dividends

Everest Group pays an annual dividend of $8.00 per share and has a dividend yield of 2.3%. Corebridge Financial pays an annual dividend of $0.96 per share and has a dividend yield of 3.1%. Everest Group pays out 42.5% of its earnings in the form of a dividend. Corebridge Financial pays out -157.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Everest Group has raised its dividend for 1 consecutive years and Corebridge Financial has raised its dividend for 1 consecutive years. Corebridge Financial is clearly the better dividend stock, given its higher yield and lower payout ratio.

Volatility and Risk

Everest Group has a beta of 0.48, indicating that its stock price is 52% less volatile than the S&P 500. Comparatively, Corebridge Financial has a beta of 1.02, indicating that its stock price is 2% more volatile than the S&P 500.

Summary

Corebridge Financial beats Everest Group on 11 of the 16 factors compared between the two stocks.

About Everest Group

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines, and general agents in the United States, Bermuda, Canada, Europe, South America, Singapore, France, Germany, Spain, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and accident and health, specialty underwriters, eversports and entertainment, and surety and credit, marine and aviation, as well as structured and property hybrid solutions. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. The company was formerly known as Everest Re Group, Ltd. and changed its name to Everest Group, Ltd. in July 2023.Everest Group, Ltd., was founded in 1973 and is headquartered in Hamilton, Bermuda.

About Corebridge Financial

Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities, and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, private placement variable universal life and annuities products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. The company operates as a subsidiary of American International Group, Inc.