Summer Sale
50% off Premium Yearly
Opinions The Panic-Proof Portfolio (Stockchase Research)
Corebridge Financial, Inc.CRBGTOP PICKApr 11, 2023
Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
You might be interested:
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentOur PAST TOP PICK with CRBG has triggered its stop at $19.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 6%, when combined with our previous recommendations.
Premium contentWe again reiterate CRBG as a TOP PICK. It trades at 5x earnings, 1.2x book and supports a 21% ROE. We like that cash reserves are growing, while debt is retired. It pays a nice dividend, backed by a payout ratio under 25% of cash flow. We recommend trailing up the stop (from $17.50) to $19.50, look to achieve $25 -- upside potential of 19%. Yield 4.4%
(Analysts’ price target is $24.92)Premium contentWe reiterate this US retirement and insurance provider, with over $370 billion in assets under management, as a TOP PICK. It trades at 5x earnings, 1.2x book and supports a ROE of 21%. Deposits and premiums grew over 40% over the year to almost $10 billion. Cash reserves are growing, while to company is aggressively retiring debt. It pays a good dividend, backed by a payout ratio under 25% of cash flow. We recommend trailing up the stop (from $16.50) to $17.50, looking to achieve $25.00 -- upside potential over 30%. Yield 4.8%
(Analysts’ price target is $25.08)Premium contentAs one of the largest retirement solutions providers in the US, managing over $370 billion in assets, we reiterate CRBG as a TOP PICK. Recently reported earnings revealed deposits and margins expanded over 42% each over the year. Cash reserves are growing as debt is aggressively retired. It trades at 5x earnings, 1.1x book and supports a 21% ROE. We recommend trailing up the stop (from $15.00) to $16.50, looking to achieve $24.00 -- upside potential of 23%. Yield 4.6%
(Analysts’ price target is $24.67)Premium contentWe reiterate CRBG, manager of $365 billion in financial assets, as a TOP PICK. The company announced a $0.62 special dividend to holders of record on June 16 - on top of the regular quarterly dividend of $0.23. Cash reserves are growing, while debt is aggressively retired. It trades at 1.3x book and supports a ROE of 27%. We recommend trailing up the stop (from $14) to $15, looking to achieve $24 -- upside potential of 37%. Yield 4.1%
(Analysts’ price target is $24.46)
CRBG provides annuity and insurance financial products primarily to retirees in the US. The company trades at 5x earnings, 1.3x book value and supports a ROE of 44%. Recently reported earnings for 2022 showed revenue growth of 14%, income growth of 11% and a 31% profit margin. We like that it is building cash reserves while aggressively retiring debt. We recommend a stop loss at $14, looking to achieve $24.50 -- upside potential over 50%. Yield 2.9%
(Analysts’ price target is $24.77)