FY2026 Earnings Forecast for CRBG Issued By DOWLING & PARTN

Corebridge Financial, Inc. (NYSE:CRBG) – DOWLING & PARTN dropped their FY2026 earnings per share (EPS) estimates for Corebridge Financial in a note issued to investors 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 prior forecast of $4.90. The consensus estimate for Corebridge Financial’s current full-year earnings is $4.69 per share.

A number of other equities analysts have also recently issued reports on the stock. Piper Sandler upped their price objective on shares of Corebridge Financial from $31.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday. Zacks Research upgraded shares of Corebridge Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Jefferies Financial Group boosted their target price on shares of Corebridge Financial from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Bank of America lowered their price target on shares of Corebridge Financial from $42.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Mizuho increased their price target on Corebridge Financial from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

Corebridge Financial Trading Down 0.1%

CRBG opened at $31.83 on Wednesday. The company’s 50 day moving average is $28.36 and its 200-day moving average is $27.88. Corebridge Financial has a 1-year low of $22.19 and a 1-year high of $36.57. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99. The company has a market cap of $14.19 billion, a P/E ratio of 57.88, a PEG ratio of 0.36 and a beta of 1.10.

Corebridge Financial (NYSE:CRBG) last issued its earnings results on Wednesday, May 6th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $5.06 billion. Corebridge Financial had a return on equity of 18.44% and a net margin of 1.20%.During the same period in the previous year, the firm posted $1.16 EPS.

Institutional Investors Weigh In On Corebridge Financial

A number of institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in shares of Corebridge Financial by 229.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,300,030 shares of the company’s stock valued at $41,042,000 after acquiring an additional 905,918 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Corebridge Financial in the first quarter worth $384,000. Creative Planning bought a new stake in shares of Corebridge Financial in the second quarter worth $243,000. EverSource Wealth Advisors LLC increased its holdings in Corebridge Financial by 58.8% in the second 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 period. Finally, Cerity Partners LLC increased its holdings in 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 purchasing an additional 36,239 shares during the period. 98.25% of the stock is owned by institutional investors.

Insider Transactions at Corebridge Financial

In related news, insider David Ditillo sold 4,250 shares of Corebridge Financial 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 sale, the insider directly owned 128,153 shares in the company, valued at $3,844,590. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.

Corebridge Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, June 16th. Corebridge Financial’s dividend payout ratio (DPR) is 181.82%.

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.