FY2026 Earnings Estimate for CRBG Issued By DOWLING & PARTN

Key Points

• DOWLING & PARTN raised its FY2026 earnings estimate for Corebridge Financial to $4.90 per share from $4.80, above the current analyst consensus of $4.58.
• Corebridge’s latest quarterly results beat expectations, with EPS of $1.12 versus the $1.08 consensus, although revenue of $4.30 billion fell short of estimates.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $37.17. The company also declared a quarterly dividend of $0.25 per share, equating to a 3.0% annualized yield.

Corebridge Financial, Inc. (NYSE:CRBG - Free Report) - Investment analysts at DOWLING & PARTN upped their FY2026 earnings estimates for shares of Corebridge Financial in a research note issued on Friday, August 14th. DOWLING & PARTN analyst J. Hurwitz now anticipates that the company will post earnings of $4.90 per share for the year, up from their prior estimate of $4.80. The consensus estimate for Corebridge Financial's current full-year earnings is $4.58 per share.

Several other research firms have also commented on CRBG. UBS Group boosted their price objective on shares of Corebridge Financial from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. Piper Sandler lifted their target price on shares of Corebridge Financial from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. TD Cowen boosted their price target on Corebridge Financial from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Mizuho upped their price target on Corebridge Financial from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, July 9th. Finally, Barclays raised their price objective on Corebridge Financial from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $37.17.

Corebridge Financial Price Performance

Shares of NYSE CRBG opened at $33.17 on Wednesday. Corebridge Financial has a 1 year low of $22.19 and a 1 year high of $35.22. The stock has a market capitalization of $14.78 billion, a P/E ratio of 19.40, a P/E/G ratio of 0.44 and a beta of 1.08. The company's 50-day moving average is $30.89 and its 200 day moving average is $28.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.12 and a quick ratio of 0.12.

Corebridge Financial (NYSE:CRBG - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.66 billion. Corebridge Financial had a return on equity of 17.37% and a net margin of 4.37%.During the same quarter in the prior year, the firm posted $1.36 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CRBG. Goldman Sachs Group Inc. boosted its position 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 purchasing an additional 905,918 shares during the period. Focus Partners Wealth bought a new stake in shares of Corebridge Financial in the first quarter worth about $384,000. Creative Planning purchased a new stake in Corebridge Financial during the second quarter valued at $243,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 1,688 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Corebridge Financial by 64.4% in the second 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 period. Institutional investors own 98.25% of the company's stock.

Insider Activity at Corebridge Financial

In other news, insider David Ditillo sold 12,414 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $34.00, for a total value of $422,076.00. Following the transaction, the insider owned 111,153 shares in the company, valued at $3,779,202. This represents a 10.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by corporate insiders.

Corebridge Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, September 16th. Corebridge Financial's dividend payout ratio (DPR) is presently 58.48%.

Corebridge Financial Company Profile

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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