Corebridge Financial, Inc. (NYSE:CRBG) is included among the Billionaire George Soros Stock Portfolio: 10 Best Stocks to Buy.
On May 26, Piper Sandler lowered its price recommendation on Corebridge Financial, Inc. (NYSE:CRBG) to $31 from $35. It reiterated an Overweight rating on the shares. The firm said the change reflects recent stock performance and the passage of time. Piper noted that it has generally increased price targets for most insurance carriers while lowering targets for some insurance brokers. Its analysis takes a bottom-up approach. Following first-quarter results, the firm believes investors may be better served focusing on insurance carriers rather than brokers. According to Piper, underwriting performance provided stronger-than-expected support for carriers, while brokers delivered weaker organic growth results.
On May 13, BofA raised its price goal on CRBG to $41 from $40 and maintained a Buy rating on the stock. The analyst said that neither Corebridge nor Equitable (EQH) is currently included in the S&P indices. If a combination between the two companies were to occur and the merged company gained entry into the index, it could generate substantial demand for the shares. The analyst added that such demand could potentially exceed the impact of a share repurchase program.
Corebridge Financial, Inc. (NYSE:CRBG) provides retirement solutions and insurance products across the United States. The company works with financial professionals and institutions to help individuals plan, save, and build more secure financial futures.
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