TD Cowen analyst Andrew Kligerman maintains $Corebridge Financial (CRBG.US)$ with a buy rating, and maintains the target price at $35.
According to TipRanks data, the analyst has a success rate of 73.8% and a total average return of 18.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Corebridge Financial (CRBG.US)$'s main analysts recently are as follows:
The outlook appears positive for both life and property and casualty insurance sectors. In the life insurance sector, there are balanced dynamics at play with the benefits from favorable equity markets being partly offset by the falling interest rates. It is anticipated that the impact of catastrophes will be moderately higher than average, influenced by several significant storm events in the U.S. Meanwhile, for property and casualty insurers, the underlying margins are expected to stay robust, and updates on pricing are predicted to be received positively, including in the property sector where there has been some worry about the pace of pricing growth slowing down.
The life insurance sector presents a varied outlook, with Corebridge standing out as a top selection within this space. Despite robust capital standings and fair valuations, growth stimuli are expected to temper, suggesting that a discerning approach will be necessary for investors to succeed in the life insurance market.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
