FY2026 Earnings Forecast for CRBG Issued By DOWLING & PARTN

Corebridge Financial, Inc. (NYSE:CRBG) – Research analysts at DOWLING & PARTN dropped their FY2026 earnings per share estimates for shares of Corebridge Financial in a report issued on Tuesday, October 13th. DOWLING & PARTN analyst J. Hurwitz now forecasts that the company will earn $4.75 per share for the year, down from their previous estimate of $4.90. The consensus estimate for Corebridge Financial’s current full-year earnings is $4.62 per share.

Other equities research analysts also recently issued research reports about the company. Barclays raised their price target on Corebridge Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Weiss Ratings upgraded Corebridge Financial from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Mizuho upped their price objective on shares of Corebridge Financial from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, October 7th. TD Cowen upped their price objective on shares of Corebridge Financial from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Piper Sandler increased their price objective on shares of Corebridge Financial from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Corebridge Financial currently has an average rating of “Moderate Buy” and an average target price of $38.83.

Corebridge Financial Trading Up 1.4%

Shares of NYSE:CRBG opened at $34.43 on Friday. The business’s 50-day moving average is $33.82 and its 200 day moving average is $30.17. Corebridge Financial has a 1 year low of $22.19 and a 1 year high of $35.64. The firm has a market capitalization of $15.35 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.48 and a beta of 1.07. 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) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. Corebridge Financial had a return on equity of 17.37% and a net margin of 4.37%. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter last year, the firm earned $1.36 EPS.

Corebridge Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, September 16th. Corebridge Financial’s dividend payout ratio is presently 58.48%.

Insider Activity

In other news, major shareholder Life Insurance Co Nippon bought 805,782 shares of Corebridge Financial stock in a transaction that occurred on Monday, September 28th. The stock was bought at an average price of $34.15 per share, for a total transaction of $27,517,455.30. Following the purchase, the insider directly owned 125,579,654 shares of the company’s stock, valued at approximately $4,288,545,184.10. The trade was a 0.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders acquired 6,227,261 shares of company stock valued at $213,729,942 and sold 28,895 shares valued at $983,886. 0.32% of the stock is currently owned by insiders.

Institutional Trading of Corebridge Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRBG. State of Alaska Department of Revenue lifted its holdings in shares of Corebridge Financial by 5.0% during the third quarter. State of Alaska Department of Revenue now owns 24,915 shares of the company’s stock worth $825,000 after purchasing an additional 1,196 shares during the period. Sound Income Strategies LLC boosted its position in Corebridge Financial by 1.8% in the third quarter. Sound Income Strategies LLC now owns 553,544 shares of the company’s stock valued at $19,070,000 after buying an additional 9,980 shares during the last quarter. GAMMA Investing LLC increased its holdings in Corebridge Financial by 15.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,836 shares of the company’s stock worth $193,000 after buying an additional 796 shares during the period. Farther Finance Advisors LLC increased its holdings in Corebridge Financial by 11.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,583 shares of the company’s stock worth $185,000 after buying an additional 590 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in Corebridge Financial by 23.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,676 shares of the company’s stock worth $420,000 after buying an additional 2,814 shares during the period. Institutional investors and hedge funds own 98.25% 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 institutional clients through businesses focused on retirement services, life insurance and institutional markets.

Its offerings include fixed, variable and registered index-linked annuities; individual life insurance; employer-sponsored retirement plans; and investment, funding and risk-management solutions for institutions.