Corebridge Financial (NYSE:CRBG) Releases Earnings Results, Misses Expectations By $0.01 EPS

Corebridge Financial (NYSE:CRBG) released its quarterly earnings data on Monday. The company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.01), Zacks reports. The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $5.36 billion. Corebridge Financial had a net margin of 4.37% and a return on equity of 17.37%. Corebridge Financial’s revenue was down 20.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share.

Corebridge Financial Trading Up 0.6%

Shares of CRBG stock opened at $35.03 on Tuesday. The business has a 50-day moving average price of $34.19 and a two-hundred day moving average price of $29.87. Corebridge Financial has a 12-month low of $22.19 and a 12-month high of $36.00. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.14. The firm has a market cap of $15.62 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 0.50 and a beta of 1.07.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRBG. Barclays lifted their price objective on Corebridge Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Wells Fargo & Company upped their price objective on shares of Corebridge Financial from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Jefferies Financial Group raised their target price on shares of Corebridge Financial from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Corebridge Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Corebridge Financial from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Corebridge Financial presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Corebridge Financial News Roundup

Here are the key news stories impacting Corebridge Financial this week:

• Positive Sentiment: Corebridge reported third-quarter earnings of $1.22 per share, up from $0.96 a year earlier and broadly in line with consensus estimates. The earnings growth supports the company’s profitability profile. Corebridge Financial Meets Q3 Earnings Estimates
• Positive Sentiment: Management said the company delivered its strongest annuity sales of the year and continued to build momentum in advisory services, while emphasizing its diversified business model and disciplined capital allocation. Corebridge Financial Announces Third Quarter 2026 Results
• Positive Sentiment: Major shareholder Life Insurance Co. Nippon purchased 246,521 CRBG shares for approximately $8.75 million at an average price of $35.50. The purchase increased Nippon’s stake to more than 132 million shares and followed several other acquisitions in October, potentially signaling confidence from a significant long-term investor. Corebridge Major Shareholder Acquires Shares
• Neutral Sentiment: Corebridge’s return on equity was 17.37% and its net margin was 4.37%, offering evidence of profitability but limited insight into the company’s weaker top-line performance. Corebridge Financial Earnings Information
• Negative Sentiment: Revenue fell 20% year over year to $4.50 billion, well below the $5.36 billion analyst estimate. Premiums and deposits reportedly declined about 29%, raising concerns about new-business growth and future revenue momentum. Corebridge Q3 EPS Beat Hides Drop in Premiums and Deposits

Insider Activity at Corebridge Financial

In other news, major shareholder Life Insurance Co Nippon acquired 805,782 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were bought at an average cost of $34.15 per share, with a total value of $27,517,455.30. Following the acquisition, the insider owned 125,579,654 shares in the company, valued at approximately $4,288,545,184.10. This represents a 0.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders bought 9,955,418 shares of company stock worth $342,360,191 and sold 28,895 shares worth $983,886. Company insiders own 0.32% of the company’s stock.

Corebridge Financial Company Profile

Corebridge Financial, Inc (NYSE: CRBG) is a provider of retirement solutions and insurance products in the United States. The company serves individuals, employers and institutions through offerings designed to support retirement savings, income planning and financial protection.

Its products and services include individual and group retirement plans, annuities, life insurance and institutional retirement solutions. Corebridge also provides investment and administrative services associated with retirement plans, helping employers and employees manage long-term savings and retirement income needs.

Corebridge was established through the separation of American International Group’s (AIG) Life and Retirement business and began operating as an independent publicly traded company in 2022.