Corebridge Financial (NYSE:CRBG - Get Free Report) had its price objective raised by investment analysts at Piper Sandler from $35.00 to $38.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's target price would indicate a potential upside of 48.31% from the stock's previous close.
Several other brokerages also recently weighed in on CRBG. Deutsche Bank Aktiengesellschaft raised Corebridge Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $33.00 to $40.00 in a research note on Friday, January 10th. BMO Capital Markets assumed coverage on shares of Corebridge Financial in a report on Thursday, January 23rd. They issued an "outperform" rating and a $43.00 price objective for the company. UBS Group lowered shares of Corebridge Financial from a "buy" rating to a "sell" rating and decreased their target price for the company from $40.00 to $28.00 in a research report on Wednesday. Morgan Stanley upgraded shares of Corebridge Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $35.00 to $43.00 in a research report on Friday, February 28th. Finally, Wells Fargo & Company increased their price objective on shares of Corebridge Financial from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Corebridge Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.
Check Out Our Latest Stock Analysis on CRBG
Corebridge Financial Stock Performance
Shares of CRBG traded down $3.01 during midday trading on Wednesday, hitting $25.62. 4,989,743 shares of the stock traded hands, compared to its average volume of 3,558,667. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13. Corebridge Financial has a 1-year low of $23.97 and a 1-year high of $35.36. The business's 50 day moving average price is $32.48 and its two-hundred day moving average price is $31.29. The firm has a market capitalization of $14.25 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.43 and a beta of 0.98.
Corebridge Financial (NYSE:CRBG - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.04). Corebridge Financial had a return on equity of 22.69% and a net margin of 11.39%. Equities research analysts predict that Corebridge Financial will post 5.43 EPS for the current fiscal year.
Institutional Trading of Corebridge Financial
Several institutional investors and hedge funds have recently bought and sold shares of CRBG. California State Teachers Retirement System boosted its holdings in shares of Corebridge Financial by 6.4% in the fourth quarter. California State Teachers Retirement System now owns 455,144 shares of the company's stock worth $13,622,000 after buying an additional 27,221 shares during the period. Forum Financial Management LP boosted its stake in Corebridge Financial by 60.2% in the 4th quarter. Forum Financial Management LP now owns 15,730 shares of the company's stock worth $471,000 after purchasing an additional 5,912 shares during the period. Sunbelt Securities Inc. acquired a new position in Corebridge Financial in the 4th quarter worth approximately $30,000. CSS LLC IL grew its position in Corebridge Financial by 22.2% during the 4th quarter. CSS LLC IL now owns 21,391 shares of the company's stock worth $640,000 after purchasing an additional 3,891 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new stake in Corebridge Financial during the 4th quarter valued at $268,000. Institutional investors and hedge funds own 98.25% of the company's stock.
About Corebridge Financial
(
Get Free Report)
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.
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