Corebridge Financial (NYSE:CRBG – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
CRBG has been the topic of several other reports. Keefe, Bruyette & Woods lifted their target price on Corebridge Financial from $31.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Wells Fargo & Company upped their price target on Corebridge Financial from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Piper Sandler decreased their price objective on Corebridge Financial from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. UBS Group lowered their price objective on Corebridge Financial from $33.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 28th. Finally, TD Cowen cut their price objective on Corebridge Financial from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.17.
View Our Latest Stock Report on Corebridge Financial
Corebridge Financial Stock Down 0.4%
Corebridge Financial (NYSE:CRBG – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $5.06 billion. Corebridge Financial had a net margin of 1.20% and a return on equity of 18.44%. During the same period in the previous year, the firm earned $1.16 EPS. As a group, equities analysts forecast that Corebridge Financial will post 4.75 EPS for the current year.
Hedge Funds Weigh In On Corebridge Financial
Hedge funds have recently made changes to their positions in the business. Bank of Nova Scotia lifted its holdings in Corebridge Financial by 3.8% in the 2nd quarter. Bank of Nova Scotia now owns 9,328 shares of the company’s stock worth $331,000 after purchasing an additional 340 shares in the last quarter. Severin Investments LLC grew its holdings in Corebridge Financial by 1.4% during the 3rd quarter. Severin Investments LLC now owns 24,778 shares of the company’s stock valued at $794,000 after buying an additional 350 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Corebridge Financial by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,424 shares of the company’s stock valued at $494,000 after buying an additional 383 shares during the last quarter. True Wealth Design LLC raised its position in shares of Corebridge Financial by 50.2% during the fourth quarter. True Wealth Design LLC now owns 1,233 shares of the company’s stock valued at $37,000 after buying an additional 412 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Corebridge Financial by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 4,684 shares of the company’s stock worth $141,000 after buying an additional 435 shares in the last quarter. Institutional investors own 98.25% of the company’s stock.
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.
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