Keefe, Bruyette & Woods Reaffirms “Moderate Buy” Rating for Corebridge Financial (NYSE:CRBG)

Corebridge Financial (NYSE:CRBG)‘s stock had its “moderate buy” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a $32.00 price objective on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 43.14% from the company’s current price.

A number of other research analysts have also issued reports on the company. TD Cowen lowered their target price on Corebridge Financial from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Mizuho began coverage on shares of Corebridge Financial in a report on Tuesday, December 16th. They issued an “outperform” rating and a $38.00 price target for the company. Weiss Ratings lowered shares of Corebridge Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Morgan Stanley lowered their price objective on shares of Corebridge Financial from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. Finally, UBS Group dropped their target price on shares of Corebridge Financial from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

Corebridge Financial Stock Performance

CRBG opened at $22.36 on Thursday. The business has a 50 day moving average price of $27.72 and a two-hundred day moving average price of $29.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of -42.18, a price-to-earnings-growth ratio of 0.39 and a beta of 1.11. Corebridge Financial has a 1-year low of $22.19 and a 1-year high of $36.57.

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

Institutional Trading of Corebridge Financial

Several large investors have recently added to or reduced their stakes in CRBG. Rockefeller Capital Management L.P. lifted its holdings in shares of Corebridge Financial by 82.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,921 shares of the company’s stock valued at $88,000 after purchasing an additional 1,316 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Corebridge Financial by 448,585.7% during the fourth quarter. Pacer Advisors Inc. now owns 31,408 shares of the company’s stock valued at $948,000 after buying an additional 31,401 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in Corebridge Financial during the fourth quarter valued at $3,672,000. Invesco Ltd. raised its position in Corebridge Financial by 80.8% during the fourth quarter. Invesco Ltd. now owns 1,213,379 shares of the company’s stock valued at $36,608,000 after buying an additional 542,199 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Corebridge Financial by 21.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 71,827 shares of the company’s stock worth $2,167,000 after acquiring an additional 12,838 shares in the last quarter. 98.25% of the stock is owned by institutional investors and hedge funds.

Corebridge Financial News Summary

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

• Positive Sentiment: All-stock merger announced with Equitable Holdings to create a roughly $22B retirement, life, wealth and asset-management company with about $1.5T AUM; transaction gives Corebridge shareholders ~51% of the combined company, supporting scale and potential cost/sales synergies. Corebridge and Equitable strike all-stock merger deal valuing combined firm at $22B
• Positive Sentiment: Brokerage coverage remains constructive: Keefe, Bruyette & Woods reaffirmed a “moderate buy” and $32 price target, implying sizable upside from current levels and providing analyst support for the deal thesis. Analyst Reaffirmation
• Neutral Sentiment: Company-hosted M&A call/transcript reiterated strategic rationale and integration plans; management framed the deal as transformational but left some execution and timing questions open — investors will watch follow-up details on governance, cost saves and capital allocation. M&A Call Transcript
• Neutral Sentiment: Initial market reaction: shares of both firms jumped on the news as investors priced the combination’s benefits, but moves have been volatile as traders weigh deal details. Stocks Jump on Merger Plans
• Negative Sentiment: Multiple shareholder-law firms have launched investigations into whether the merger terms are fair to shareholders — litigation risk and potential deal complications (or demands for a different exchange ratio/consideration) could pressure the stock. Halper Sadeh Investigation Rowley Law Investigation
• Negative Sentiment: Analysts and commentators are flagging Corebridge’s private credit exposure as a potential risk — concerns about credit marks or illiquid asset valuation could weigh on earnings and investor sentiment if macro credit stress emerges. Private Credit Exposure Concerns

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.