share_log

TD Cowen Upgrades Corebridge Financial(CRBG.US) to Buy Rating, Raises Target Price to $35

Moomoo News ·  Oct 8 17:31  · Ratings

TD Cowen analyst Andrew Kligerman upgrades $Corebridge Financial (CRBG.US)$ to a buy rating, and adjusts the target price from $23 to $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.

AnalystRecentRatingAutoNews_81947976234437_20241008_fe32be2d9cac9eba3a0097a4690f16532a89505c_1728462722330697_mm_en

Furthermore, according to the comprehensive report, the opinions of $Corebridge Financial (CRBG.US)$'s main analysts recently are as follows:

  • The setup appears robust for the insurance sector, which includes both life and property and casualty segments. In the life insurance area, there seems to be a balance between the positive influence of favorable equity markets and the negative impact of falling interest rates. The expectation is for catastrophes to be moderately higher than average, influenced by several significant events, including three major storms in the U.S. As for the property and casualty insurers, it is believed that underlying margins should stay strong and that the market will react positively to pricing updates, even with some concerns about decelerating pricing in the property segment.

  • The life insurance sector presents a varied outlook, with Corebridge standing out as a top selection. Although the industry showcases robust capital positions and valuations that appear fair, anticipated moderation in growth drivers suggests 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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment