Corebridge Financial (NYSE:CRBG) Major Shareholder Acquires 216,818 Shares of Stock

October 2, 2026 by InsiderTrades.com

Key Points

Nippon Life purchased 216,818 Corebridge Financial shares at an average price of $33.67, investing approximately $7.3 million. Its holdings increased to 125.8 million shares, valued at about $4.24 billion.
The transaction extends Nippon Life’s sustained buying spree, which included several large purchases throughout September and signals continued support from the company’s major shareholder.
Corebridge reported quarterly EPS of $1.12, exceeding estimates, and pays a $0.25 quarterly dividend yielding roughly 3%. Analysts maintain a “Moderate Buy” consensus with an average price target of $37.42.

Corebridge Financial, Inc. (NYSE:CRBG - Get Free Report) major shareholder Life Insurance Co Nippon acquired 216,818 shares of Corebridge Financial stock in a transaction on Tuesday, September 29th. The shares were purchased at an average cost of $33.67 per share, with a total value of $7,300,262.06. Following the completion of the acquisition, the insider owned 125,796,472 shares of the company's stock, valued at $4,235,567,212.24. This trade represents a 0.17% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Jackson’s Record Quarter Powers the Bull Case

Life Insurance Co Nippon also recently made the following trade(s):

On Monday, September 28th, Life Insurance Co Nippon bought 805,782 shares of Corebridge Financial stock. The stock was purchased at an average price of $34.15 per share, for a total transaction of $27,517,455.30.
On Friday, September 25th, Life Insurance Co Nippon purchased 178,840 shares of Corebridge Financial stock. The shares were purchased at an average cost of $34.52 per share, for a total transaction of $6,173,556.80.
On Thursday, September 24th, Life Insurance Co Nippon purchased 258,878 shares of Corebridge Financial stock. The shares were purchased at an average price of $33.85 per share, with a total value of $8,763,020.30.
On Wednesday, September 23rd, Life Insurance Co Nippon acquired 219,273 shares of Corebridge Financial stock. The stock was purchased at an average cost of $34.13 per share, with a total value of $7,483,787.49.
On Tuesday, September 22nd, Life Insurance Co Nippon acquired 296,868 shares of Corebridge Financial stock. The stock was purchased at an average price of $34.31 per share, for a total transaction of $10,185,541.08.
On Monday, September 21st, Life Insurance Co Nippon acquired 212,828 shares of Corebridge Financial stock. The stock was purchased at an average price of $35.08 per share, for a total transaction of $7,466,006.24.
On Friday, September 18th, Life Insurance Co Nippon acquired 131,333 shares of Corebridge Financial stock. The shares were acquired at an average cost of $34.88 per share, for a total transaction of $4,580,895.04.
On Thursday, September 17th, Life Insurance Co Nippon bought 174,760 shares of Corebridge Financial stock. The shares were acquired at an average price of $35.20 per share, with a total value of $6,151,552.00.
On Wednesday, September 16th, Life Insurance Co Nippon bought 320,785 shares of Corebridge Financial stock. The stock was acquired at an average price of $35.02 per share, with a total value of $11,233,890.70.
On Tuesday, September 15th, Life Insurance Co Nippon bought 210,903 shares of Corebridge Financial stock. The stock was acquired at an average price of $35.02 per share, with a total value of $7,385,823.06.

Corebridge Financial Stock Performance

NYSE CRBG opened at $33.66 on Friday. The firm has a market cap of $15.00 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 0.42 and a beta of 1.07. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.14. The company's 50 day moving average is $33.35 and its 200-day moving average is $29.41. Corebridge Financial, Inc. has a 12-month low of $22.19 and a 12-month high of $35.64.

Corebridge Financial (NYSE:CRBG - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.08 by $0.04. Corebridge Financial had a net margin of 4.37% and a return on equity of 17.37%. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period last year, the firm earned $1.36 EPS. Sell-side analysts predict that Corebridge Financial, Inc. will post 4.62 earnings per share for the current year.

Corebridge Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, September 16th. Corebridge Financial's dividend payout ratio (DPR) is presently 58.48%.

Analysts Set New Price Targets

A number of analysts recently issued reports on CRBG shares. Mizuho boosted their price objective on Corebridge Financial from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. UBS Group lifted their target price on Corebridge Financial from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Weiss Ratings upgraded Corebridge Financial from a "hold (c-)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. TD Cowen increased their price target on shares of Corebridge Financial from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Corebridge Financial from $36.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.42.

View Our Latest Analysis on Corebridge Financial

Hedge Funds Weigh In On Corebridge Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC boosted its holdings in shares of Corebridge Financial by 133.3% in the 4th quarter. Rothschild Investment LLC now owns 910 shares of the company's stock worth $27,000 after purchasing an additional 520 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Corebridge Financial by 1.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 61,642 shares of the company's stock valued at $1,860,000 after purchasing an additional 633 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Corebridge Financial by 3.0% during the 4th quarter. CIBC Asset Management Inc now owns 23,245 shares of the company's stock valued at $701,000 after buying an additional 686 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Corebridge Financial by 100.6% during the 2nd quarter. Allworth Financial LP now owns 1,444 shares of the company's stock valued at $41,000 after buying an additional 724 shares in the last quarter. Finally, State of Wyoming lifted its position in Corebridge Financial by 16.1% in the 1st quarter. State of Wyoming now owns 5,919 shares of the company's stock worth $141,000 after buying an additional 823 shares during the last quarter. 98.25% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Corebridge Financial

Here are the key news stories impacting Corebridge Financial this week:

Positive Sentiment: Nippon Life expands its stake: Nippon Life purchased 805,782 CRBG shares for approximately $27.5 million on September 28 at an average price of $34.15, increasing its ownership by 0.65% to more than 125.5 million shares. The transaction followed several other purchases during September, including an additional 216,818 shares worth about $7.3 million on September 29. SEC ownership filing
Positive Sentiment: Persistent buying provides support: Nippon Life has steadily accumulated CRBG shares over multiple sessions, representing tens of millions of dollars in purchases. Although some transactions were made under a preset plan and may not reflect day-to-day investment decisions, the sustained accumulation can improve investor sentiment and provide a technical underpinning for the stock.
Positive Sentiment: Income and valuation appeal: Corebridge’s quarterly dividend is $0.25 per share, or $1.00 annualized, implying an approximately 3% yield. Analysts maintain a Moderate Buy consensus with an average price target of $37.42, above recent trading levels.
Neutral Sentiment: Upcoming earnings date announced: Corebridge will release third-quarter 2026 results after the market closes on November 2 and hold its conference call on November 3. The event is a potential catalyst, but investors will weigh the results against the company’s latest report, which showed an earnings beat alongside revenue below expectations and lower year-over-year EPS. Corebridge Financial schedules third-quarter results

About Corebridge Financial

(Get Free Report)

Corebridge Financial, Inc (NYSE: CRBG) is a provider of retirement solutions and insurance products in the United States. The company serves individuals, employers and institutional clients through businesses focused on retirement services, life insurance and institutional markets.

Its offerings include fixed, variable and registered index-linked annuities; individual life insurance; employer-sponsored retirement plans; and investment, funding and risk-management solutions for institutions.