FY2026 Earnings Estimate for CRBG Issued By DOWLING & PARTN

Corebridge Financial, Inc. (NYSE:CRBG) – Equities researchers at DOWLING & PARTN decreased their FY2026 earnings per share estimates for shares of Corebridge Financial in a report released on Monday, July 13th. DOWLING & PARTN analyst J. Hurwitz now forecasts that the company will post earnings of $4.80 per share for the year, down from their previous forecast of $4.90. The consensus estimate for Corebridge Financial’s current full-year earnings is $4.70 per share.

Corebridge Financial (NYSE:CRBG) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The firm 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 quarter in the prior year, the business posted $1.16 earnings per share.

Other analysts also recently issued reports about the company. Mizuho increased their target price on Corebridge Financial from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Weiss Ratings cut Corebridge Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Bank of America decreased their target price on Corebridge Financial from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods raised their price target on shares of Corebridge Financial from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday. Finally, Zacks Research raised shares of Corebridge Financial from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.50.

Corebridge Financial Trading Down 0.3%

NYSE:CRBG opened at $30.71 on Wednesday. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 55.85, a PEG ratio of 0.35 and a beta of 1.10. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average price is $28.20 and its 200-day moving average price is $27.86. Corebridge Financial has a 52 week low of $22.19 and a 52 week high of $36.57.

Corebridge Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, June 16th. Corebridge Financial’s payout ratio is 181.82%.

Insider Transactions at Corebridge Financial

In other Corebridge Financial news, insider David Ditillo sold 4,250 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $30.00, for a total transaction of $127,500.00. Following the completion of the sale, the insider directly owned 128,153 shares of the company’s stock, valued at approximately $3,844,590. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Corebridge Financial

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Corebridge Financial by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 27,143,048 shares of the company’s stock worth $818,906,000 after purchasing an additional 311,133 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Corebridge Financial by 14.4% in the 1st quarter. Pzena Investment Management LLC now owns 27,045,794 shares of the company’s stock worth $645,313,000 after purchasing an additional 3,413,384 shares during the period. Norges Bank purchased a new position in Corebridge Financial during the fourth quarter valued at $611,550,000. State Street Corp lifted its position in Corebridge Financial by 44.3% during the fourth quarter. State Street Corp now owns 11,295,692 shares of the company’s stock valued at $340,791,000 after purchasing an additional 3,465,371 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Corebridge Financial by 43.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,870,085 shares of the company’s stock valued at $211,575,000 after purchasing an additional 2,689,611 shares during the period. Institutional investors own 98.25% of the company’s stock.

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.