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.
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:
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