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NYSE:CRBG
This summary was created by AI, based on 3 opinions in the last 12 months.
Corebridge Financial, Inc. (CRBG-N) is navigating a challenging landscape for life insurance companies, particularly regarding exposure to the private credit sector. Despite a recent 24% decline reported by one expert, the company is viewed as well-financed and is poised for growth due to its planned merger with Equitable Life, which promises increased scale and capital. This sentiment is echoed by another expert who appreciates the stability in its business operations, despite general concerns in the life insurance sector about investment returns amid fluctuating interest rates. There is optimism surrounding the company's strong management and diversified asset portfolio, which could lead to a projected earnings per share (EPS) of over $5. Overall, while stock performance has been mixed, there is a consensus on the underlying value and potential of CRBG, particularly at its current valuation multiples.
Doesn't like the stock performance, but business doing reasonably well. Still undervalued. Steady-eddy life insurance. There are worries about the lifecos and where is their money invested. Usually when interest rates drop, yields on lifecos also drop. But insurance companies are clever about generating good returns.
Spinoff from AIG. Life insurance and retirement products. Well run. Great margin of safety. Trading at 6x forward PE. Earnings can grow quickly. Very large regulatory base of capital (RBC), well above buffers required. Serial acquires of stock, which is very accretive at this price. Yield is 3.06%.
(Analysts’ price target is $38.60)CRBG has done well, up 49% this year, yet remains very cheap at 6.7X earnings with a 2.84% yield. The recent quarter was solid with an 18% 'beat' over earnings estimates. Corebridge is well-positioned to reach consensus for double-digit EPS gains in 2025-26 given solid organic growth in its flagship individual annuities business and robust reserve gains in the institutional spread operations. Life insurance sales have also expanded, rising 14% in 3Q. In traditional fixed annuities, deposits have doubled year to date, to $9.5 billion, the surrender pace is down 5 percentage points vs. a year ago and general account assets are up 16% to $58 billion. For fixed-index annuities, the general account has increased 30% vs. 3Q23. Corebridge’s results are also benefiting from recent expense savings of about $400 million and accelerating share buybacks. The share count declined 8% in 3Q. Things continue to look very good here.
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Spun out of AIG, in retirement and life insurance business. Very cheap. They've been buying back shares. They have earnings power of $5/share, so you're paying over 6x earnings (vs. MFC's 11x PE). They have excess capital on the balance sheet. Pays a 3% dividend. It benefits from higher interest rates. Is up 47% this year.
(Analysts’ price target is $34.64)Corebridge Financial, Inc. is a American stock, trading under the symbol CRBG (previously CRBG-N on Stockchase) on the New York Stock Exchange (CRBG). It is usually referred to as NYSE:CRBG or CRBG
In the last year, 3 stock analysts issued a Buy, Sell, or Hold rating on CRBG (previously CRBG-N on Stockchase). 3 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for Corebridge Financial, Inc..
Corebridge Financial, Inc. was recommended as a Top Pick by The Panic-Proof Portfolio (Stockchase Research) on 2023-04-11. Read the latest stock experts ratings for Corebridge Financial, Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Corebridge Financial, Inc..
Corebridge Financial, Inc. is followed by 23 investors on Stockchase and is a trending stock that is worth watching.
On 2026-06-18, Corebridge Financial, Inc. (CRBG) stock closed at a price of $29.18.
Many lifecos are getting hit over exposure to the trouble private credit space. CRBG is well-financed. Last week, they said they will merge with Equitable Life, so they will become much bigger with excess capital. They pay a good dividend. Trades at 4.5-5x earnings and below book value.