Keefe, Bruyette & Woods Issues Positive Forecast for Corebridge Financial (NYSE:CRBG) Stock Price

Corebridge Financial (NYSE:CRBG) had its target price upped by Keefe, Bruyette & Woods from $31.00 to $38.00 in a research report report published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Barclays cut their target price on Corebridge Financial from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Morgan Stanley lowered their price target on Corebridge Financial from $35.00 to $32.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 3rd. Mizuho cut their price objective on shares of Corebridge Financial from $39.00 to $31.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Zacks Research downgraded shares of Corebridge Financial from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Bank of America decreased their target price on shares of Corebridge Financial from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Corebridge Financial has an average rating of “Moderate Buy” and a consensus price target of $35.58.

Corebridge Financial Price Performance

Shares of NYSE:CRBG opened at $28.06 on Wednesday. The firm’s 50 day moving average is $25.27 and its two-hundred day moving average is $28.63. The firm has a market capitalization of $13.51 billion, a P/E ratio of 51.01, a PEG ratio of 0.40 and a beta of 1.18. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.14. Corebridge Financial has a 52 week low of $22.19 and a 52 week high of $36.57.

Corebridge Financial (NYSE:CRBG) last issued its quarterly earnings data on Monday, May 4th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). Corebridge Financial had a return on equity of 18.44% and a net margin of 1.20%.The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Analysts anticipate that Corebridge Financial will post 4.91 earnings per share for the current year.

Corebridge Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 16th. Corebridge Financial’s payout ratio is currently 181.82%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Corebridge Financial by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 26,831,915 shares of the company’s stock valued at $859,963,000 after purchasing an additional 1,805,819 shares during the period. Machina Capital S.A.S. acquired a new stake in Corebridge Financial during the 3rd quarter worth about $1,182,000. Algebris UK Ltd. raised its holdings in Corebridge Financial by 31.4% during the 3rd quarter. Algebris UK Ltd. now owns 1,393,378 shares of the company’s stock worth $44,624,000 after buying an additional 333,245 shares during the period. Dimensional Fund Advisors LP lifted its stake in Corebridge Financial by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 6,686,747 shares of the company’s stock valued at $214,372,000 after buying an additional 430,308 shares in the last quarter. Finally, State of Michigan Retirement System acquired a new position in shares of Corebridge Financial in the fourth quarter worth about $2,130,000. Institutional investors own 98.25% of the company’s stock.

Key Headlines Impacting Corebridge Financial

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

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $38 and kept an “outperform” rating — a significant upside thesis that supports further upside if the company executes. Keefe, Bruyette & Woods raises PT to $38
• Positive Sentiment: Evercore ISI reiterated a buy on CRBG, reinforcing institutional conviction in Corebridge’s strategy and the post-merger growth story. Evercore ISI Remains a Buy on Corebridge Financial, Inc. (CRBG)
• Positive Sentiment: Corebridge declared a quarterly dividend of $0.25 (3.5% yield), which supports income-oriented demand for the shares and can help underpin the stock.
• Positive Sentiment: Management’s Q1 earnings call was described as “merger-fueled” and impressed some analysts — management commentary highlighting integration benefits and cost or revenue synergies could drive upside if execution is validated. Corebridge Financial’s Merger-Fueled Earnings Call Impresses
• Neutral Sentiment: Q1 coverage and snapshots from outlets (Houston Chronicle, Zacks) provide detail on underlying metrics; useful for investors doing deeper due diligence but not directional by themselves. Corebridge: Q1 Earnings Snapshot
• Negative Sentiment: Corebridge missed consensus on Q1 EPS ($1.05 vs. $1.07) and revenue was well below expectations ($4.09B vs. ~$5.06B), showing weaker near-term top-line performance and pressuring near-term sentiment. Corebridge (CRBG) Reports Q1 Earnings: What Key Metrics Have to Say
• Negative Sentiment: AIG is selling its remaining ~25 million Corebridge shares (expected to close May 7), which increases supply and can create downward pressure or volatility around the float as the block is absorbed. AIG Announces the Sale of Its Remaining Stake in Corebridge Financial, Inc.
• Negative Sentiment: Zacks Research downgraded CRBG from “hold” to “strong sell”, which could amplify short-term selling pressure from retail and quant strategies that follow Zacks signals. Zacks downgrade

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.