Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Corebridge Financial (NYSE:CRBG) in the last three months.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 8 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 5 | 1 | 0 | 0 |
Analysts have recently evaluated Corebridge Financial and provided 12-month price targets. The average target is $33.22, accompanied by a high estimate of $38.00 and a low estimate of $28.00. This upward trend is evident, with the current average reflecting a 5.86% increase from the previous average price target of $31.38.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Corebridge Financial among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Heleniak | RBC Capital | Maintains | Outperform | $33.00 | $33.00 |
| Elyse Greenspan | Wells Fargo | Raises | Overweight | $34.00 | $33.00 |
| John Barnidge | Piper Sandler | Raises | Overweight | $35.00 | $34.00 |
| Nigel Dally | Morgan Stanley | Raises | Equal-Weight | $28.00 | $26.00 |
| Scott Heleniak | RBC Capital | Maintains | Outperform | $32.00 | - |
| Elyse Greenspan | Wells Fargo | Raises | Overweight | $33.00 | $30.00 |
| Thomas Gallagher | Evercore ISI Group | Raises | Outperform | $32.00 | $30.00 |
| Ryan Krueger | Keefe, Bruyette & Woods | Raises | Outperform | $38.00 | $35.00 |
| John Barnidge | Piper Sandler | Raises | Overweight | $34.00 | $30.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Corebridge Financial. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Corebridge Financial compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Corebridge Financial's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Corebridge Financial's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Corebridge Financial analyst ratings.
Get to Know Corebridge Financial Better
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.
Understanding the Numbers: Corebridge Financial's Finances
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Corebridge Financial's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 50.93%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Corebridge Financial's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.12% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Corebridge Financial's ROE stands out, surpassing industry averages. With an impressive ROE of 7.52%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Corebridge Financial's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.23% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Corebridge Financial's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.03.
The Significance of Analyst Ratings Explained
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.