Corebridge Financial, Inc. $CRBG Holdings Lowered by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in Corebridge Financial, Inc. (NYSE:CRBG) by 13.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 244,850 shares of the company’s stock after selling 38,045 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Corebridge Financial were worth $5,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia raised its holdings in Corebridge Financial by 3.8% during the 2nd quarter. Bank of Nova Scotia now owns 9,328 shares of the company’s stock worth $331,000 after buying an additional 340 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Corebridge Financial by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 15,424 shares of the company’s stock worth $494,000 after buying an additional 383 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Corebridge Financial by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 4,684 shares of the company’s stock worth $141,000 after buying an additional 435 shares during the period. Empowered Funds LLC increased its position in shares of Corebridge Financial by 7.1% in the fourth quarter. Empowered Funds LLC now owns 7,042 shares of the company’s stock worth $212,000 after acquiring an additional 465 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Corebridge Financial by 35.0% in the fourth quarter. Assetmark Inc. now owns 1,877 shares of the company’s stock worth $57,000 after acquiring an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 98.25% of the company’s stock.

Corebridge Financial Stock Up 6.0%

Shares of Corebridge Financial stock opened at $33.49 on Thursday. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 0.40 and a beta of 1.08. The stock has a 50-day simple moving average of $29.63 and a 200-day simple moving average of $28.00. Corebridge Financial, Inc. has a 52-week low of $22.19 and a 52-week high of $35.22. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.12 and a quick ratio of 0.12.

Corebridge Financial (NYSE:CRBG) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. Corebridge Financial had a return on equity of 16.68% and a net margin of 4.37%.The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, equities research analysts expect that Corebridge Financial, Inc. will post 4.55 earnings per share for the current fiscal year.

Corebridge Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, September 16th. Corebridge Financial’s payout ratio is currently 181.82%.

Analyst Ratings Changes

CRBG has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Corebridge Financial from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Mizuho lifted their price objective on shares of Corebridge Financial from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Wells Fargo & Company boosted their target price on shares of Corebridge Financial from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Barclays increased their target price on Corebridge Financial from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Finally, UBS Group raised their target price on Corebridge Financial from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.75.

Insider Activity at Corebridge Financial

In other news, insider David Ditillo sold 4,250 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $30.00, for a total transaction of $127,500.00. Following the transaction, the insider owned 128,153 shares in the company, valued at approximately $3,844,590. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.

Corebridge Financial News Summary

Here are the key news stories impacting Corebridge Financial this week:

• Positive Sentiment: Adjusted earnings exceeded expectations. Corebridge reported second-quarter 2026 EPS of $1.12, topping the $1.08 consensus estimate. The company also declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and an approximately 3.0% yield. Investors of record on September 16 will receive the dividend on September 30. Corebridge Financial Tops Q2 Earnings Estimates
• Positive Sentiment: Analyst targets remain above the recent trading level. Recent targets include $36 from Mizuho, Wells Fargo and JPMorgan, and $38 from Keefe, Bruyette & Woods. The reported median target from 11 analysts is $36, supporting the view that valuation may still have room to expand. Corebridge Financial Insider and Price Target Data
• Neutral Sentiment: Revenue fell short of forecasts. Second-quarter revenue was $4.30 billion versus the $4.66 billion consensus estimate. Management’s earnings presentation and call may provide additional detail on operating trends, capital deployment and the outlook. Corebridge Financial Announces Second Quarter 2026 Results
• Negative Sentiment: Year-over-year earnings declined. EPS decreased from $1.36 in the prior-year quarter to $1.12, which could limit enthusiasm if investors view the earnings beat as driven by estimates rather than accelerating underlying growth.
• Negative Sentiment: Insider and institutional selling are potential overhangs. Recent disclosures showed no insider purchases and several sales, including a reported sale of approximately 24.7 million shares by American International Group. Quiver Quantitative also estimated 2025 CEO Marc Costantini compensation at $16.1 million, which may draw shareholder scrutiny. Corebridge CEO Pay and Insider Trading Disclosure

Corebridge Financial Profile

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.