Update shared on08 Oct 2025
Fair value Decreased 2.06%Corebridge Financial's analyst price target has been modestly reduced, with analysts now expecting about $40 per share compared to previous estimates above $41. This reflects updated assumptions on revenue growth and profit margins while maintaining optimism around earnings and distribution strength.
Analyst Commentary
Recent analyst updates on Corebridge Financial reflect a mix of continued confidence in the company's long-term growth prospects and mild caution regarding certain industry and company-specific challenges. Price targets have been adjusted downward but still indicate overall upside potential.
Bullish Takeaways
- Bullish analysts emphasize ongoing optimism around fee-based earnings, which are expected to benefit from more trading days and favorable market conditions.
- Strong distribution platforms and group benefits are seen as supporting future earnings and helping to maintain profitability.
- Favorable trends in claims experience are viewed as a positive signal for both the upcoming actuarial review and for future earnings growth.
- Expectations remain that the actuarial review will not disrupt overall business performance this year. This is seen as providing stability to forecasts and investor confidence.
Bearish Takeaways
- Bearish analysts have lowered price targets amid concerns that some tailwinds, such as variable investment income and equity gains, may be largely priced in and subject to normalization.
- Secular headwinds related to net flow trends persist and could limit upside if not addressed through improved execution or market positioning.
- Recent downward adjustments to financial models reflect a conservative approach to revenue and margin assumptions. This may cap near-term valuation expansion.
What's in the News
- Piper Sandler has lowered its price target for Corebridge Financial to $40 from $42, citing normalization in variable investment income and secular headwinds in net flow trends. The firm is maintaining an Overweight rating (Piper Sandler).
- Corebridge Financial announced countrywide availability of its life insurance products through Allstate Financial Services, expanding its distribution network and offering both term and permanent life insurance with streamlined underwriting.
- The Board of Directors has appointed Marc Costantini as Chief Executive Officer, effective December 1, 2025. Kevin Hogan will transition to a special advisor role for six months after the effective date.
- Corebridge Financial launched Power Select AICO, a new index annuity with a unique Additional Interest Credit Overlay feature, available exclusively through Market Synergy Group.
- The company completed a follow-on equity offering of $1.0095 billion, issuing 30 million shares of common stock at $33.65 per share.
Valuation Changes
- Consensus Analyst Price Target (Fair Value) has decreased modestly, moving from $41.08 to $40.23 per share.
- Discount Rate has edged down slightly, from 9.18% to 9.17%.
- Revenue Growth projections have dipped slightly, moving from 11.49% to 11.47%.
- Net Profit Margin estimate has eased marginally, from 13.31% to 13.30%.
- Future P/E ratio forecast has fallen from 8.23x to 8.07x, indicating slightly lower expected valuation multiples.
Disclaimer
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