Corebridge Financial (NYSE:CRBG) Major Shareholder Buys $4,098,834.35 in Stock

October 9, 2026 by InsiderTrades.com

Key Points

Major shareholder Nippon Life continued buying Corebridge shares, purchasing 116,345 shares for approximately $4.1 million at $35.23 each. Its direct stake rose to about 126.8 million shares, following several other purchases in recent weeks.
Corebridge reported quarterly EPS of $1.12, beating the $1.08 analyst consensus, but revenue of $4.30 billion missed estimates and earnings declined from $1.36 per share a year earlier.
Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $38.58. The company also pays a quarterly dividend of $0.25, representing an annualized yield of roughly 2.9%.

Corebridge Financial, Inc. (NYSE:CRBG - Get Free Report) major shareholder Life Insurance Co Nippon purchased 116,345 shares of the business's stock in a transaction dated Tuesday, October 6th. The shares were purchased at an average price of $35.23 per share, with a total value of $4,098,834.35. Following the purchase, the insider directly owned 126,786,106 shares in the company, valued at $4,466,674,514.38. This trade represents a 0.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Jackson’s Record Quarter Powers the Bull Case

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

On Monday, October 5th, Life Insurance Co Nippon acquired 65,711 shares of Corebridge Financial stock. The shares were acquired at an average cost of $34.75 per share, for a total transaction of $2,283,457.25.
On Friday, October 2nd, Life Insurance Co Nippon bought 187,155 shares of Corebridge Financial stock. The shares were acquired at an average price of $34.27 per share, with a total value of $6,413,801.85.
On Thursday, October 1st, Life Insurance Co Nippon bought 272,208 shares of Corebridge Financial stock. The stock was acquired at an average price of $33.07 per share, with a total value of $9,001,918.56.
On Wednesday, September 30th, Life Insurance Co Nippon purchased 348,215 shares of Corebridge Financial stock. The stock was acquired at an average cost of $33.65 per share, for a total transaction of $11,717,434.75.
On Tuesday, September 29th, Life Insurance Co Nippon purchased 216,818 shares of Corebridge Financial stock. The shares were acquired at an average price of $33.67 per share, for a total transaction of $7,300,262.06.
On Monday, September 28th, Life Insurance Co Nippon acquired 805,782 shares of Corebridge Financial stock. The stock was acquired at an average cost of $34.15 per share, with a total value of $27,517,455.30.
On Friday, September 25th, Life Insurance Co Nippon acquired 178,840 shares of Corebridge Financial stock. The stock was acquired at an average price of $34.52 per share, with a total value of $6,173,556.80.
On Thursday, September 24th, Life Insurance Co Nippon acquired 258,878 shares of Corebridge Financial stock. The stock was acquired 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 bought 219,273 shares of Corebridge Financial stock. The shares were acquired at an average cost of $34.13 per share, for a total transaction of $7,483,787.49.
On Tuesday, September 22nd, Life Insurance Co Nippon bought 296,868 shares of Corebridge Financial stock. The shares were bought at an average price of $34.31 per share, for a total transaction of $10,185,541.08.

Corebridge Financial Price Performance

Corebridge Financial stock opened at $34.39 on Friday. The firm has a market capitalization of $15.33 billion, a P/E ratio of 20.11, a PEG ratio of 0.44 and a beta of 1.07. Corebridge Financial, Inc. has a one year low of $22.19 and a one year high of $35.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.12 and a quick ratio of 0.12. The business has a fifty day moving average price of $33.62 and a 200-day moving average price of $29.79.

Corebridge Financial (NYSE:CRBG - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.04. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.66 billion. Corebridge Financial had a return on equity of 17.37% and a net margin of 4.37%.During the same period in the previous year, the company posted $1.36 EPS. As a group, equities research analysts forecast that Corebridge Financial, Inc. will post 4.64 EPS for the current year.

Corebridge Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, September 16th. Corebridge Financial's dividend payout ratio (DPR) is 58.48%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CRBG shares. Wells Fargo & Company upped their target price on shares of Corebridge Financial from $36.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. UBS Group upped their price target on shares of Corebridge Financial from $32.00 to $36.00 and gave the stock a "neutral" rating in a report on Tuesday. Piper Sandler increased their price objective on Corebridge Financial from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Zacks Research upgraded Corebridge Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Finally, Keefe, Bruyette & Woods upped their target price on Corebridge Financial from $40.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $38.58.

Check Out Our Latest Research Report on Corebridge Financial

Key Corebridge Financial News

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

Positive Sentiment: Major shareholder continues buying. Life Insurance Co. Nippon purchased 116,345 shares at an average price of $35.23 on October 6, following purchases of 65,711 shares on October 5 and 187,155 shares on October 2. The repeated buying has increased Nippon’s direct stake to approximately 126.8 million shares and may signal confidence in CRBG’s valuation and long-term outlook. SEC ownership filing
Positive Sentiment: Analysts raised price targets. Mizuho lifted its target from $38 to $40 and maintained an “outperform” rating, while Barclays increased its target from $33 to $39 and retained an “overweight” rating. These revisions imply additional upside and reinforce the bullish analyst view of Corebridge.
Positive Sentiment: Recent earnings exceeded expectations. Corebridge reported quarterly adjusted earnings of $1.12 per share, above the $1.08 consensus estimate. Its dividend of $0.25 per quarter also provides an annualized yield of roughly 2.9%, adding support for income-focused investors.
Neutral Sentiment: Analyst sentiment is favorable but not unanimous. Corebridge has a consensus “Moderate Buy” rating, although some analysts maintain neutral or hold recommendations. The average target remains below the most bullish forecasts, suggesting expectations for further gains are positive but measured.
Negative Sentiment: Revenue and year-over-year earnings remain concerns. Although the latest EPS result beat estimates, revenue of $4.30 billion fell short of the $4.66 billion consensus, and earnings declined from $1.36 per share in the year-earlier quarter. These results could limit upside if upcoming performance does not improve.

Hedge Funds Weigh In On Corebridge Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pzena Investment Management LLC bought a new position in shares of Corebridge Financial in the 2nd quarter worth $967,400,000. BlackRock Inc. bought a new stake in shares of Corebridge Financial during the 2nd quarter worth $726,494,000. Dimensional Fund Advisors LP lifted its holdings in shares of Corebridge Financial by 43.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,870,085 shares of the company's stock worth $211,575,000 after acquiring an additional 2,689,611 shares during the last quarter. Donald Smith & CO. Inc. purchased a new position in Corebridge Financial in the second quarter worth $168,134,000. Finally, Davis Asset Management L.P. purchased a new position in Corebridge Financial in the second quarter worth $166,054,000. Hedge funds and other institutional investors own 98.25% of the company's stock.

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.