Selective Insurance Group (NASDAQ:SIGI) versus Corebridge Financial (NYSE:CRBG) Head to Head Review

Corebridge Financial (NYSE:CRBG) and Selective Insurance Group (NASDAQ:SIGI) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, risk, valuation, profitability and institutional ownership.

Insider and Institutional Ownership

98.3% of Corebridge Financial shares are held by institutional investors. Comparatively, 82.9% of Selective Insurance Group shares are held by institutional investors. 0.3% of Corebridge Financial shares are held by company insiders. Comparatively, 0.8% of Selective Insurance Group shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Analyst Ratings

This is a summary of current ratings and recommmendations for Corebridge Financial and Selective Insurance Group, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Corebridge Financial	0	5	9	0	2.64
Selective Insurance Group	1	4	2	0	2.14

Corebridge Financial presently has a consensus price target of $39.00, indicating a potential upside of 14.21%. Selective Insurance Group has a consensus price target of $101.00, indicating a potential upside of 4.54%. Given Corebridge Financial’s stronger consensus rating and higher possible upside, research analysts plainly believe Corebridge Financial is more favorable than Selective Insurance Group.

Profitability

This table compares Corebridge Financial and Selective Insurance Group’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Corebridge Financial	4.37%	17.37%	0.52%
Selective Insurance Group	9.40%	15.40%	3.43%

Valuation & Earnings

This table compares Corebridge Financial and Selective Insurance Group”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Corebridge Financial	$20.46 billion	0.74	-$366.00 million	$1.71	19.97
Selective Insurance Group	$5.34 billion	1.08	$466.41 million	$8.06	11.99

Selective Insurance Group has lower revenue, but higher earnings than Corebridge Financial. Selective Insurance Group is trading at a lower price-to-earnings ratio than Corebridge Financial, indicating that it is currently the more affordable of the two stocks.

Dividends

Corebridge Financial pays an annual dividend of $1.00 per share and has a dividend yield of 2.9%. Selective Insurance Group pays an annual dividend of $1.72 per share and has a dividend yield of 1.8%. Corebridge Financial pays out 58.5% of its earnings in the form of a dividend. Selective Insurance Group pays out 21.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Corebridge Financial has raised its dividend for 1 consecutive years and Selective Insurance Group has raised its dividend for 11 consecutive years.

Volatility and Risk

Corebridge Financial has a beta of 1.07, meaning that its share price is 7% more volatile than the S&P 500. Comparatively, Selective Insurance Group has a beta of 0.26, meaning that its share price is 74% less volatile than the S&P 500.

Summary

Corebridge Financial beats Selective Insurance Group on 9 of the 17 factors compared between the two stocks.

About Corebridge Financial

Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. The company 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. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. The company operates as a subsidiary of American International Group, Inc.

About Selective Insurance Group

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products. The company also invests in fixed income investments and commercial mortgage loans, as well as equity securities, short-term investments, and alternative investments, and other investments. It offers its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. The company was founded in 1926 and is headquartered in Branchville, New Jersey.