Corebridge Financial, Inc. (CRBG-N)

Our PAST TOP PICK with CRBG has triggered its stop at $19.50.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 6%, when combined with our previous recommendations.

We again reiterate CRBG as a TOP PICK.  It trades at 5x earnings, 1.2x book and supports a 21% ROE.  We like that cash reserves are growing, while debt is retired.  It pays a nice dividend, backed by a payout ratio under 25% of cash flow.  We recommend trailing up the stop (from $17.50) to $19.50, look to achieve $25 -- upside potential of 19%.  Yield 4.4%

We reiterate this US retirement and insurance provider, with over $370 billion in assets under management, as a TOP PICK.  It trades at 5x earnings, 1.2x book and supports a ROE of 21%.  Deposits and premiums grew over 40% over the year to almost $10 billion.  Cash reserves are growing, while to company is aggressively retiring debt.  It pays a good dividend, backed by a payout ratio under 25% of cash flow.  We recommend trailing up the stop (from $16.50) to $17.50, looking to achieve $25.00 -- upside potential over 30%.  Yield 4.8%   

As one of the largest retirement solutions providers in the US, managing over $370 billion in assets, we reiterate CRBG as a TOP PICK.  Recently reported earnings revealed deposits and margins expanded over 42% each over the year.  Cash reserves are growing as debt is aggressively retired.  It trades at 5x earnings, 1.1x book and supports a 21% ROE.  We recommend trailing up the stop (from $15.00) to $16.50, looking to achieve $24.00 -- upside potential of 23%.  Yield 4.6%

We reiterate CRBG, manager of $365 billion in financial assets, as a TOP PICK.  The company announced a $0.62 special dividend to holders of record on June 16 - on top of the regular quarterly dividend of $0.23.  Cash reserves are growing, while debt is aggressively retired.  It trades at 1.3x book and supports a ROE of 27%.  We recommend trailing up the stop (from $14) to $15, looking to achieve $24 -- upside potential of 37%.  Yield 4.1%  

CRBG provides annuity and insurance financial products primarily to retirees in the US.  The company trades at 5x earnings, 1.3x book value and supports a ROE of 44%.  Recently reported earnings for 2022 showed revenue growth of 14%, income growth of 11% and a 31% profit margin.  We like that it is building cash reserves while aggressively retiring debt.  We recommend a stop loss at $14, looking to achieve $24.50 -- upside potential over 50%.  Yield 2.9%