Corebridge Financial, Inc. (NYSE:CRBG) Receives $36.43 Consensus Price Target from Analysts

Shares of Corebridge Financial, Inc. (NYSE:CRBG - Get Free Report) have received an average rating of "Moderate Buy" from the fifteen analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $36.43.

CRBG has been the subject of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Corebridge Financial in a research report on Thursday, January 23rd. They set an "outperform" rating and a $43.00 target price for the company. Morgan Stanley increased their price objective on shares of Corebridge Financial from $31.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Barclays upgraded shares of Corebridge Financial from an "equal weight" rating to an "overweight" rating and set a $37.00 target price on the stock in a report on Monday, January 6th. Piper Sandler increased their price target on Corebridge Financial from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, DOWLING & PARTN lowered Corebridge Financial from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th.

Insider Activity at Corebridge Financial

In other Corebridge Financial news, major shareholder International Group American sold 121,956,256 shares of Corebridge Financial stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $31.47, for a total transaction of $3,837,963,376.32. Following the completion of the transaction, the insider now owns 127,282,642 shares in the company, valued at approximately $4,005,584,743.74. The trade was a 48.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in Corebridge Financial by 112.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the company's stock valued at $27,000 after buying an additional 480 shares during the last quarter. Covestor Ltd raised its holdings in shares of Corebridge Financial by 118.8% in the third quarter. Covestor Ltd now owns 1,050 shares of the company's stock valued at $31,000 after purchasing an additional 570 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Corebridge Financial by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 21,479 shares of the company's stock valued at $625,000 after purchasing an additional 585 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Corebridge Financial by 3.1% during the fourth quarter. Sanctuary Advisors LLC now owns 22,182 shares of the company's stock valued at $664,000 after purchasing an additional 660 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Corebridge Financial by 183.2% during the fourth quarter. Blue Trust Inc. now owns 1,127 shares of the company's stock worth $33,000 after purchasing an additional 729 shares during the last quarter. Institutional investors own 98.25% of the company's stock.

Corebridge Financial Trading Up 0.7 %

Shares of CRBG stock traded up $0.23 on Thursday, hitting $33.45. The company had a trading volume of 2,815,965 shares, compared to its average volume of 3,110,450. Corebridge Financial has a twelve month low of $23.13 and a twelve month high of $34.66. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market cap of $19.03 billion, a P/E ratio of -16.00, a P/E/G ratio of 0.37 and a beta of 0.94. The stock's 50-day moving average is $31.36 and its two-hundred day moving average is $30.07.

About Corebridge Financial

Corebridge Financial, Inc provides retirement solutions and insurance products in the United States. The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities, and retail mutual funds.