Corebridge Financial (NYSE:CRBG – Get Free Report) is one of 39 publicly-traded companies in the “Life insurance” industry, but how does it weigh in compared to its competitors? We will compare Corebridge Financial to related companies based on the strength of its profitability, risk, dividends, valuation, earnings, analyst recommendations and institutional ownership.
Analyst Recommendations
This is a summary of recent ratings and price targets for Corebridge Financial and its competitors, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Corebridge Financial | 0 | 4 | 9 | 0 | 2.69 |
| Corebridge Financial Competitors | 298 | 1645 | 1393 | 41 | 2.35 |
Corebridge Financial presently has a consensus target price of $24.17, suggesting a potential upside of 37.00%. As a group, “Life insurance” companies have a potential upside of 247.01%. Given Corebridge Financial’s competitors higher probable upside, analysts plainly believe Corebridge Financial has less favorable growth aspects than its competitors.
Valuation & Earnings
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Corebridge Financial | $18.02 billion | $8.15 billion | 5.44 |
| Corebridge Financial Competitors | $18.96 billion | $1.25 billion | 17.00 |
Corebridge Financial’s competitors have higher revenue, but lower earnings than Corebridge Financial. Corebridge Financial is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Institutional & Insider Ownership
22.6% of Corebridge Financial shares are held by institutional investors. Comparatively, 48.9% of shares of all “Life insurance” companies are held by institutional investors. 0.1% of Corebridge Financial shares are held by insiders. Comparatively, 14.4% of shares of all “Life insurance” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Dividends
Corebridge Financial pays an annual dividend of $0.92 per share and has a dividend yield of 5.2%. Corebridge Financial pays out 28.4% of its earnings in the form of a dividend. As a group, “Life insurance” companies pay a dividend yield of 1.3% and pay out 24.4% of their earnings in the form of a dividend.
Profitability
This table compares Corebridge Financial and its competitors’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Corebridge Financial | 9.99% | 21.70% | 0.62% |
| Corebridge Financial Competitors | 6.14% | 10.41% | 1.01% |
Summary
Corebridge Financial competitors beat Corebridge Financial on 8 of the 14 factors compared.
About Corebridge Financial
Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. It 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. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, private placement variable universal life and annuities products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. The company was incorporated in 1998 and is headquartered in Houston, Texas. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc.
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