FY2026 Earnings Forecast for CRBG Issued By DOWLING & PARTN

Corebridge Financial, Inc. (NYSE:CRBG) – Investment analysts at DOWLING & PARTN issued their FY2026 earnings per share (EPS) estimates for Corebridge Financial in a research note issued on Wednesday, May 20th. DOWLING & PARTN analyst J. Hurwitz forecasts that the company will post earnings per share of $4.90 for the year. The consensus estimate for Corebridge Financial’s current full-year earnings is $4.88 per share. DOWLING & PARTN also issued estimates for Corebridge Financial’s FY2027 earnings at $5.80 EPS and FY2028 earnings at $6.65 EPS.

Corebridge Financial (NYSE:CRBG) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $5.06 billion. Corebridge Financial had a return on equity of 18.44% and a net margin of 1.20%.During the same quarter in the prior year, the business earned $1.16 earnings per share.

CRBG has been the subject of a number of other reports. Piper Sandler lowered their price target on Corebridge Financial from $35.00 to $31.00 and set an “overweight” rating for the company in a research report on Tuesday. Zacks Research downgraded Corebridge Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods lifted their target price on Corebridge Financial from $31.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Mizuho lifted their target price on Corebridge Financial from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, UBS Group decreased their target price on Corebridge Financial from $33.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Corebridge Financial has a consensus rating of “Moderate Buy” and an average price target of $35.17.

Corebridge Financial Stock Down 1.7%

Shares of CRBG opened at $26.89 on Thursday. The company has a market cap of $12.28 billion, a PE ratio of 48.90, a P/E/G ratio of 0.30 and a beta of 1.18. The business has a fifty day moving average of $25.80 and a 200 day moving average of $28.17. Corebridge Financial has a 52-week low of $22.19 and a 52-week high of $36.57. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.99.

Institutional Trading of Corebridge Financial

Several institutional investors and hedge funds have recently made changes to their positions in CRBG. Vanguard Group Inc. grew its stake in Corebridge Financial by 7.2% in the third 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 last quarter. Machina Capital S.A.S. acquired a new position in shares of Corebridge Financial during the third quarter valued at about $1,182,000. Dimensional Fund Advisors LP boosted its position in Corebridge Financial by 6.9% in 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 during the last quarter. State of Michigan Retirement System purchased a new stake in Corebridge Financial in the fourth quarter valued at approximately $2,130,000. Finally, Russell Investments Group Ltd. boosted its position in Corebridge Financial by 19.3% in the third quarter. Russell Investments Group Ltd. now owns 1,518,492 shares of the company’s stock valued at $48,712,000 after buying an additional 245,695 shares during the last quarter. 98.25% of the stock is currently owned by institutional investors.

Corebridge Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is 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.