Corebridge Financial’s (CRBG) Outperform Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of Corebridge Financial (NYSE:CRBG) in a report released on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a $32.00 target price on the stock.

A number of other analysts also recently commented on the company. Wells Fargo & Company decreased their target price on Corebridge Financial from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Zacks Research raised Corebridge Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Barclays decreased their price objective on shares of Corebridge Financial from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. TD Cowen lowered their price objective on shares of Corebridge Financial from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Mizuho initiated coverage on shares of Corebridge Financial in a report on Tuesday, December 16th. They set an “outperform” rating and a $38.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Corebridge Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

Corebridge Financial Trading Up 0.8%

Shares of CRBG opened at $24.37 on Thursday. Corebridge Financial has a twelve month low of $22.32 and a twelve month 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 0.11. The firm has a market capitalization of $11.74 billion, a P/E ratio of -45.98, a PEG ratio of 0.38 and a beta of 1.11. The firm’s 50-day moving average is $27.88 and its two-hundred day moving average is $29.98.

Corebridge Financial (NYSE:CRBG) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $5.02 billion. Corebridge Financial had a negative net margin of 1.73% and a positive return on equity of 18.92%. During the same period last year, the firm earned $1.06 EPS. On average, research analysts predict that Corebridge Financial will post 5.43 earnings per share for the current fiscal year.

Corebridge Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a $0.25 dividend. This is an increase from Corebridge Financial’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, March 17th. Corebridge Financial’s dividend payout ratio (DPR) is currently -188.68%.

Institutional Trading of Corebridge Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRBG. Community Bank N.A. acquired a new stake in shares of Corebridge Financial during the 3rd quarter worth about $26,000. Smartleaf Asset Management LLC raised its position in shares of Corebridge Financial by 83.6% in the third quarter. Smartleaf Asset Management LLC now owns 828 shares of the company’s stock valued at $27,000 after buying an additional 377 shares during the last quarter. Salomon & Ludwin LLC raised its position in shares of Corebridge Financial by 179.7% in the fourth quarter. Salomon & Ludwin LLC now owns 828 shares of the company’s stock valued at $26,000 after buying an additional 532 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of Corebridge Financial by 133.3% during the fourth quarter. Rothschild Investment LLC now owns 910 shares of the company’s stock valued at $27,000 after buying an additional 520 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of Corebridge Financial during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 98.25% of the company’s stock.

Key Corebridge Financial News

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

• Positive Sentiment: Merger announced — Corebridge and Equitable agreed an all‑stock merger creating a $22B combined company with ~ $1.5T assets under management; this strategic scale is the primary reason CRBG shares rallied. Corebridge Financial and Equitable Holdings announce $22B all-stock merger
• Positive Sentiment: Analyst support — Keefe, Bruyette & Woods reaffirmed an “outperform” on CRBG with a $32 price target (material upside vs. current levels), which can support further buying interest. Benzinga
• Neutral Sentiment: M&A call details available — A transcript of the companies’ M&A call is out; it provides management commentary on deal rationale, integration plans and timing — useful for verifying projected synergies and closing conditions. Corebridge Financial, Inc. (CRBG) M&A Call Transcript
• Neutral Sentiment: Options activity rising — Implied volatility on CRBG options has surged, reflecting elevated investor uncertainty and heavy trading around the deal news (can increase short‑term swings and option premium costs). Implied volatility surging for Corebridge Financial stock options
• Negative Sentiment: Shareholder litigation risk — Law firms have launched investigations into the proposed merger on behalf of Equitable and Corebridge shareholders (Rowley Law and Halper Sadeh), raising the possibility of litigation that could delay the deal or force changes to terms. ALERT: Rowley Law PLLC is Investigating Proposed Merger of Equitable Holdings, Inc.
• Negative Sentiment: Additional investor challenge — Halper Sadeh is separately investigating whether Corebridge shareholders are receiving a fair price, which adds another potential source of scrutiny and deal risk. CRBG Stock Alert: Halper Sadeh LLC is Investigating Whether Corebridge Financial, Inc. is Obtaining a Fair Price for its Shareholders

About Corebridge Financial

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.