Corebridge Financial, Inc. (NYSE:CRBG) is among the ridiculously cheap stocks to buy now. As of December 26, Corebridge Financial, Inc. (NYSE:CRBG) has a ‘Buy’ rating from nearly 70% of the analysts covering the stock. With a median price target of $39, the stock has an upside potential of 27.49%. Among the analysts positive on the company’s growth story is John Barnidge, an analyst at Piper Sandler, who reaffirmed a ‘Buy’ rating and price target of $40 on December 23. This reflects a potential upside of nearly 31%.
Another analyst, Yaron Kinar from Mizuho, started coverage on Corebridge Financial, Inc. (NYSE:CRBG) with an ‘Outperform’ rating and a price target of $38 on December 16. TheFly reported that after initiating coverage of 23 companies, the firm favoured life insurance, saying that although there are credit worries, the group still remains undervalued.
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Mizuho takes a less constructive approach on property and casualty insurers and brokers, citing reasons like market easing, plateauing investment yields, and reserve concerns. While projecting moderate organic growth for insurance brokers, the research firm is wary of the aggressive acquisitions this may fuel. That said, the firm anticipates Corebridge Financial, Inc. (NYSE:CRBG) to return an accelerating normalized EPS growth of 16% in 2026 and 19% in 2027, up from 6% in the current year, surpassing current forecasts.
Corebridge Financial, Inc. (NYSE:CRBG) is a Texas-based provider of retirement solutions and insurance products. Founded in 1998, the company operates through four segments: Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets.
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