Where Corebridge Financial Stands With Analysts

Comments
Loading...

Across the recent three months, 7 analysts have shared their insights on Corebridge Financial CRBG, expressing a variety of opinions spanning from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 5 0 0 0
Last 30D 0 1 0 0 0
1M Ago 0 1 0 0 0
2M Ago 1 2 0 0 0
3M Ago 1 1 0 0 0

Analysts have recently evaluated Corebridge Financial and provided 12-month price targets. The average target is $37.86, accompanied by a high estimate of $43.00 and a low estimate of $35.00. This upward trend is evident, with the current average reflecting a 8.79% increase from the previous average price target of $34.80.

price target chart

Decoding Analyst Ratings: A Detailed Look

The perception of Corebridge Financial by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Elyse Greenspan Wells Fargo Raises Overweight $38.00 $35.00
Jack Matten BMO Capital Announces Outperform $43.00 -
Elyse Greenspan Wells Fargo Lowers Overweight $35.00 $37.00
Cave Montazeri Deutsche Bank Raises Buy $40.00 $33.00
Alex Scott Barclays Announces Overweight $37.00 -
John Barnidge Piper Sandler Raises Overweight $35.00 $34.00
Daniel Bergman TD Cowen Raises Buy $37.00 $35.00

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Corebridge Financial. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Corebridge Financial compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of Corebridge Financial's stock. This analysis reveals shifts in analysts' expectations over time.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Corebridge Financial's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Corebridge Financial analyst ratings.

About Corebridge Financial

Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other. The majority of its revenue derives from the Individual Retirement segment.

Corebridge Financial's Economic Impact: An Analysis

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Negative Revenue Trend: Examining Corebridge Financial's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -66.08% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.

Net Margin: Corebridge Financial's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -58.44%, the company may face hurdles in effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -9.62%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Corebridge Financial's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.3%, the company may face hurdles in achieving optimal financial performance.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.88.

The Core of Analyst Ratings: What Every Investor Should Know

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

Breaking: Wall Street's Next Big Mover

Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Overview Rating:
Good
62.5%
Technicals Analysis
100
0100
Financials Analysis
40
0100
Overview
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm

Posted In: