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Barclays Maintains Corebridge Financial(CRBG.US) With Hold Rating, Maintains Target Price $34

Futu News ·  Oct 9 16:33  · Ratings

Barclays analyst Alex Scott maintains $Corebridge Financial (CRBG.US)$ with a hold rating, and maintains the target price at $34.

According to TipRanks data, the analyst has a success rate of 66.1% and a total average return of 14.7% over the past year.

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

  • The outlook appears robust for both life and property and casualty insurance sectors. In the life insurance domain, there are 'offsetting currents' due to the positive influence of the equity markets counterbalanced by reductions in interest rates. It is anticipated that catastrophe-related losses will be somewhat above the norm, influenced by a series of events including three significant storms in the U.S. For property and casualty insurers, it's expected that underlying margins will continue to be strong, and that updates in pricing will be received positively, even with property insurance where concerns have been raised regarding a slowdown in pricing growth.

  • The life insurance sector presents a varied outlook, with Corebridge standing out as a top selection within the space. Despite acknowledging that the industry has firm capital positions and valuations appear to be fair, analysts suggest that growth catalysts are expected to temper. Therefore, they advise that investor selectivity will be key to achieving success in the life insurance market going forward.

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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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