| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $35.00 | Buy | TD Cowen |
| 9/5/2024 | $33.00 | Equal Weight | Barclays |
| 7/11/2023 | $18.00 → $19.00 | Neutral | Citigroup |
| 6/29/2023 | $22.00 | Buy | UBS |
| 4/11/2023 | $24.00 → $18.00 | Neutral | Citigroup |
| 4/4/2023 | $25.00 → $23.00 | Neutral → Buy | Goldman |
4 - Corebridge Financial, Inc. (0001889539) (Reporting)
4 - Corebridge Financial, Inc. (0001889539) (Reporting)
Corebridge Financial, Inc. (NYSE:CRBG) today announced that the previously announced secondary offering by American International Group, Inc. (NYSE:AIG) of common stock of Corebridge Financial has priced at $31.20 per share. The offering is expected to close on November 12, 2024, subject to customary closing conditions. AIG, as the selling stockholder, has offered 30 million existing shares of common stock (out of approximately 568 million total shares of common stock outstanding) of Corebridge Financial, corresponding to approximately $936 million of gross proceeds. AIG has also granted a 30-day option to the underwriters to purchase up to an additional 4.5 million shares. All of the net
Corebridge Financial, Inc. (NYSE:CRBG) today announced the launch of a secondary offering of its common stock by American International Group, Inc. (NYSE:AIG). AIG, as the selling stockholder, is offering 30 million existing shares of common stock (out of approximately 568 million total shares of common stock outstanding) of Corebridge Financial and has granted a 30-day option to the underwriters to purchase up to an additional 4.5 million shares. All of the net proceeds from the offering will go to AIG. The last reported per share sale price of Corebridge Financial common stock on November 6, 2024 was $33.37. J.P. Morgan and Morgan Stanley are acting as the underwriters for the offering.
Net loss of $1.2 billion, or $2.02 per share, largely a result of realized losses primarily driven by the Fortitude Re funds withheld embedded derivative Adjusted after-tax operating income1 of $810 million and operating EPS1 of $1.38 per share Premiums and deposits1 of $9.6 billion Aggregate core sources of income2 increased 4% over the prior year quarter with growth across base spread income,2 fee income2 and underwriting margin2,3 Holding company liquidity of $2.0 billion Returned $848 million to shareholders, including $715 million of share repurchases Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE:CRBG) today reported financial results for the third quart
Anniversary marks one of the earliest implementations of a 403(b) retirement plan in a public school Corebridge Financial and Miami-Dade County Public Schools are commemorating one of the earliest implementations of a 403(b) retirement plan in a public school, dating back to 1964. The Variable Annuity Life Insurance Company (VALIC), a Corebridge Financial company, issued a 403(b) plan sixty years ago this month to a teacher at Coral Gables Elementary who enrolled at $25 per pay period, helping to pioneer 403(b) employer contracts for educators in the United States. "Those who dedicate their lives to educating and caring for our nation's children in K–12 schools deserve a rewarding retirem
Corebridge Financial, Inc. (NYSE:CRBG) today announced that it will report third quarter 2024 financial results after the market closes on Monday, November 4, 2024. Corebridge earnings materials will be available in the Investors section of corebridgefinancial.com. Corebridge will host a conference call at 11:00 a.m. EST on Tuesday, November 5, 2024, to review these results. The webcast can be accessed in the Investors section of corebridgefinancial.com, and a replay will be available shortly after the event. About Corebridge Financial Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With more than $390 billion in assets under manageme
Corebridge MarketLock Annuity features an exclusive new accumulation strategy, along with many of the most popular RILA investment options in the market Corebridge Financial today announced the launch of Corebridge MarketLock® Annuity, a registered index-linked annuity (RILA) issued by its subsidiary American General Life Insurance Company. MarketLock features a powerful accumulation strategy exclusive to Corebridge, as well as many of the most popular RILA investment strategies sought by financial professionals and their clients. All the investment strategies in the Corebridge RILA offer growth potential and a level of downside protection. With its new RILA, Corebridge has added to its e
Corebridge Financial research reveals that while more than 80% of workers believe it's good to review retirement plans while selecting other workplace benefits, most do not As the workplace benefit enrollment period approaches for many employees this November, a new survey from Corebridge Financial suggests workers who are already preparing for the process are more likely to feel positive about their retirement plans. With more than 75% of respondents saying they begin preparing for their benefits selection at least one week prior to open enrollment, those who plan ahead are twice as likely to have a positive outlook on their retirement plans going into the open enrollment period compared
Former Mutual Fund Executive Brings 40 Years of Experience in Investments, Corporate Strategy and Risk Management Corebridge Financial, Inc. (NYSE:CRBG) today announced that its Board of Directors has elected Edward Bousa as an independent director, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240826754406/en/Edward Bousa (Photo: Business Wire) Mr. Bousa is a highly respected, veteran portfolio manager with over four decades of experience in the mutual fund industry. An acclaimed investment manager, he is well known for his in-depth assessments and analysis of companies across a multitude of sectors.
Corebridge Financial, Inc. (NYSE:CRBG) today announced that Kevin Hogan, President and Chief Executive Officer of Corebridge, will participate in a fireside chat at the Barclays 22nd Annual Global Financial Services Conference at 2:45 p.m. EDT on Tuesday, September 10, 2024. A live webcast can be accessed in the Investors section of corebridgefinancial.com, and a replay will be available shortly after the event. About Corebridge Financial Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With more than $390 billion in assets under management and administration as of June 30, 2024, Corebridge Financial is one of the largest providers
NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Flourish, a platform that provides innovative access to financial products that help registered investment advisors ("RIAs") improve their clients' financial outcomes, today announced its partnership with Corebridge Financial, one of the largest providers of retirement solutions and insurance products in the United States. Through the partnership, the American Pathway Advisory multi-year guaranteed annuity (MYGA) that Corebridge launched earlier this year will be added to the Flourish Annuities platform, the first end-to-end annuities solution built explicitly for RIAs and their clients. American Pathway Advisory allows consumers to
4 - Corebridge Financial, Inc. (0001889539) (Issuer)
4 - Corebridge Financial, Inc. (0001889539) (Issuer)
4 - Corebridge Financial, Inc. (0001889539) (Reporting)
4 - Corebridge Financial, Inc. (0001889539) (Reporting)
3 - Corebridge Financial, Inc. (0001889539) (Issuer)
4 - Corebridge Financial, Inc. (0001889539) (Issuer)
4 - Corebridge Financial, Inc. (0001889539) (Reporting)
4 - Corebridge Financial, Inc. (0001889539) (Reporting)
4 - Corebridge Financial, Inc. (0001889539) (Reporting)
4 - Corebridge Financial, Inc. (0001889539) (Reporting)
American International Group, Inc. (NYSE:AIG) today announced that Patricia (Trish) Walsh will join AIG as Executive Vice President and General Counsel, effective December 1, 2023. Ms. Walsh will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and serve on AIG's Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230928917765/en/Patricia J. Walsh (Photo: Business Wire) As General Counsel, Ms. Walsh will be responsible for AIG's legal, compliance, and regulatory functions, in addition to leading government affairs for the company. Rose Marie Glazer will remain Interim General Counsel until M
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Exchange Offer for up to $500 million of its 6.050% Senior Notes due 2033Corebridge Financial, Inc. (the "Company") announced today that effective at 10:00 a.m. EDT on July 15, 2024, the U.S. Securities and Exchange Commission declared effective its previously filed Registration Statement on Form S-4 for the exchange of up to $500 million aggregate principal amount of its outstanding 6.050% Senior Notes due 2033 (the "Old Notes") for a like principal amount of its 6.050% Senior Notes due 2033 (the "New Notes"), which have been registered under the Securities Act of 1933, as amended.Accordingly, the Company announced that, effective July 15, 2024, it has launched its offer to exchange the Old
B of A Securities analyst Joshua Shanker maintains Corebridge Financial (NYSE:CRBG) with a Buy and lowers the price target from $40 to $38.
UBS analyst Brian Meredith maintains Corebridge Financial (NYSE:CRBG) with a Buy and raises the price target from $29 to $35.
Individuals can visit corebridgedirect.com or call 800-294-4544 for a free life insurance quote and evaluation of their coverage needsCorebridge Financial, Inc. (NYSE:CRBG) today announced the name change of its long-standing direct-to-consumer life insurance business from AIG Direct to Corebridge Direct.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume PYPL PUT TRADE BULLISH 06/20/25 $65.00 $54.2K 2.9K 3.2K CRBG PUT SWEEP BULLISH 10/18/2
JP Morgan analyst Jimmy Bhullar maintains Corebridge Financial (NYSE:CRBG) with a Neutral and raises the price target from $26 to $34.
Jefferies analyst Suneet Kamath maintains Corebridge Financial (NYSE:CRBG) with a Buy and raises the price target from $35 to $40.
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 h
RBC Capital analyst Scott Heleniak reiterates Corebridge Financial (NYSE:CRBG) with a Outperform and maintains $33 price target.
AIG owns approximately 48.35% of Corebridge Financial's common stock. The deconsolidation is a result of AIG's decision to waive its right to majority representation on the Corebridge Financial Board of Directors and the resignation of Chris Schaper, Executive Vice President, Global Chief Underwriting Officer, AIG, from Corebridge Financial's Board of Directors.
Net loss of $1.2 billion, or $2.02 per share, largely a result of realized losses primarily driven by the Fortitude Re funds withheld embedded derivative Adjusted after-tax operating income1 of $810 million and operating EPS1 of $1.38 per share Premiums and deposits1 of $9.6 billion Aggregate core sources of income2 increased 4% over the prior year quarter with growth across base spread income,2 fee income2 and underwriting margin2,3 Holding company liquidity of $2.0 billion Returned $848 million to shareholders, including $715 million of share repurchases Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE:CRBG) today reported financial results for the third quart
Corebridge Financial, Inc. (NYSE:CRBG) today announced that it will report third quarter 2024 financial results after the market closes on Monday, November 4, 2024. Corebridge earnings materials will be available in the Investors section of corebridgefinancial.com. Corebridge will host a conference call at 11:00 a.m. EST on Tuesday, November 5, 2024, to review these results. The webcast can be accessed in the Investors section of corebridgefinancial.com, and a replay will be available shortly after the event. About Corebridge Financial Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With more than $390 billion in assets under manageme
Corebridge MarketLock Annuity features an exclusive new accumulation strategy, along with many of the most popular RILA investment options in the market Corebridge Financial today announced the launch of Corebridge MarketLock® Annuity, a registered index-linked annuity (RILA) issued by its subsidiary American General Life Insurance Company. MarketLock features a powerful accumulation strategy exclusive to Corebridge, as well as many of the most popular RILA investment strategies sought by financial professionals and their clients. All the investment strategies in the Corebridge RILA offer growth potential and a level of downside protection. With its new RILA, Corebridge has added to its e
Net income of $365 million, or $0.59 per share Adjusted after-tax operating income1 of $692 million and operating EPS1 of $1.13 per share Premiums and deposits1 of $11.7 billion Aggregate core sources of income2 increased 5% over the prior year quarter with growth across base spread income,2 fee income2 and underwriting margin2,3 Holding company liquidity of $1.9 billion Returned $575 million to shareholders, including $436 million of share repurchases, with a total of approximately $940 million shares repurchased this year through July 31, 2024 Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE:CRBG) today reported financial results for the second quarter e
Corebridge Financial, Inc. (NYSE:CRBG) today announced that it will report second quarter 2024 financial results after the market closes on Wednesday, July 31, 2024. Corebridge earnings materials will be available in the Investors section of corebridgefinancial.com. Corebridge will host a conference call at 10:00 a.m. EDT on Thursday, August 1, 2024, to review these results. The webcast can be accessed in the Investors section of corebridgefinancial.com, and a replay will be available shortly after the event. About Corebridge Financial Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With more than $390 billion in assets under manag
Net income of $878 million, or $1.41 per share Adjusted after-tax operating income1 of $688 million and operating EPS1 of $1.10 per share Premiums and deposits1 of $10.6 billion Base portfolio income2 for insurance operating businesses grew 18% and base yield2 expanded 50 basis points compared to the prior year quarter Completed modernization program Corebridge Forward ahead of plan, achieving or contracting on $400 million of run rate savings through April 30, 2024 Completed sale of UK life insurance business to Aviva plc on April 8, 2024 Board of Directors authorized $2 billion increase to share repurchase program Returned $386 million to shareholders, including $243
Corebridge Financial, Inc. (NYSE:CRBG) today announced that it will report first quarter 2024 financial results before the market opens on Friday, May 3, 2024. The Corebridge press release and financial supplement will be available in the Investors section of corebridgefinancial.com. Corebridge will host a conference call at 8:30 a.m. EDT on Friday, May 3, 2024, to review these results. The webcast can be accessed in the Investors section of corebridgefinancial.com, and a replay will be available shortly after the event. About Corebridge Financial Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With more than $380 billion in assets
Fourth Quarter Premiums and deposits1 of $10.5 billion, a 20% increase over the prior year quarter Base spread income2 of $987 million, a 21% increase over the prior year quarter Base yield2 rose 45 basis points over the prior year quarter Net loss of $1.3 billion, or $2.07 per share Adjusted after-tax operating income1 of $661 million and operating EPS1 of $1.04 per share Returned $1.1 billion to shareholders, including $252 million of share repurchases and $876 million of quarterly and special dividends Full Year Premiums and deposits of $39.9 billion, a 26% increase over the prior year Base spread income of $3.7 billion, a 30% increase over the prior year Ba
Corebridge Financial, Inc. (NYSE:CRBG) today announced that it will report fourth quarter and full year 2023 financial results before the market opens on Thursday, February 15, 2024. The Corebridge press release and financial supplement will be available in the Investors section of corebridgefinancial.com. Corebridge will host a conference call at 8:30 a.m. EST on Thursday, February 15, 2024, to review these results. The webcast can be accessed in the Investors section of corebridgefinancial.com, and a replay will be available shortly after the event. About Corebridge Financial Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With m
Corebridge Financial, Inc. (NYSE:CRBG) ("Corebridge" or the "Company") today announced that its Board of Directors has declared a special dividend of $1.16 per share payable on November 22, 2023, to common shareholders of record on November 13, 2023. The aggregate amount of the payment to be made in connection with this special dividend will be approximately $730 million. About Corebridge Financial Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With more than $370 billion in assets under management and administration as of June 30, 2023, Corebridge Financial is one of the largest providers of retirement solutions and insurance produ
TD Cowen initiated coverage of Corebridge Financial with a rating of Buy and set a new price target of $35.00
Barclays initiated coverage of Corebridge Financial with a rating of Equal Weight and set a new price target of $33.00
Citigroup resumed coverage of Corebridge Financial with a rating of Neutral and set a new price target of $19.00 from $18.00 previously
UBS initiated coverage of Corebridge Financial with a rating of Buy and set a new price target of $22.00
Citigroup resumed coverage of Corebridge Financial with a rating of Neutral and set a new price target of $18.00 from $24.00 previously
Goldman upgraded Corebridge Financial from Neutral to Buy and set a new price target of $23.00 from $25.00 previously
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