Insider Buying: Corebridge Financial (NYSE:CRBG) Major Shareholder Acquires 606,912 Shares of Stock

October 10, 2026 by InsiderTrades.com

Key Points

Life Insurance Co Nippon bought 606,912 Corebridge Financial shares at an average $34.40 each, investing approximately $20.9 million and increasing its stake by 0.48% to more than 127.4 million shares. The purchase follows a series of additional acquisitions in recent weeks.
Corebridge shares opened at $34.10, near their 12-month high, while the company reported quarterly EPS of $1.12, exceeding analyst expectations of $1.08. It also pays a quarterly dividend of $0.25 per share, representing a 2.9% yield.
Analysts maintain a generally positive outlook, with nine Buy ratings and five Holds and a consensus price target of $38.58. Institutional investors own 98.25% of the company’s stock.

Corebridge Financial, Inc. (NYSE:CRBG - Get Free Report) major shareholder Life Insurance Co Nippon bought 606,912 shares of the firm's stock in a transaction that occurred on Wednesday, October 7th. The shares were acquired at an average cost of $34.40 per share, for a total transaction of $20,877,772.80. Following the purchase, the insider directly owned 127,393,018 shares in the company, valued at $4,382,319,819.20. This trade represents a 0.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 Tuesday, October 6th, Life Insurance Co Nippon purchased 116,345 shares of Corebridge Financial stock. The stock was acquired at an average price of $35.23 per share, with a total value of $4,098,834.35.
On Monday, October 5th, Life Insurance Co Nippon acquired 65,711 shares of Corebridge Financial stock. The shares were bought at an average cost of $34.75 per share, with a total value of $2,283,457.25.
On Friday, October 2nd, Life Insurance Co Nippon acquired 187,155 shares of Corebridge Financial stock. The shares were bought at an average cost of $34.27 per share, with a total value of $6,413,801.85.
On Thursday, October 1st, Life Insurance Co Nippon acquired 272,208 shares of Corebridge Financial stock. The shares were bought at an average price of $33.07 per share, for a total transaction of $9,001,918.56.
On Wednesday, September 30th, Life Insurance Co Nippon bought 348,215 shares of Corebridge Financial stock. The stock was bought 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 bought 216,818 shares of Corebridge Financial stock. The shares were bought at an average price of $33.67 per share, with a total value of $7,300,262.06.
On Monday, September 28th, Life Insurance Co Nippon bought 805,782 shares of Corebridge Financial stock. The shares were bought 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 purchased 178,840 shares of Corebridge Financial stock. The stock was bought at an average price 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 stock was bought at an average price of $33.85 per share, for a total transaction of $8,763,020.30.
On Wednesday, September 23rd, Life Insurance Co Nippon acquired 219,273 shares of Corebridge Financial stock. The shares were bought at an average cost of $34.13 per share, with a total value of $7,483,787.49.

Corebridge Financial Trading Down 1.0%

Shares of Corebridge Financial stock opened at $34.10 on Friday. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 0.44 and a beta of 1.07. The business has a 50-day moving average price of $33.68 and a 200-day moving average price of $29.82. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.14. Corebridge Financial, Inc. has a twelve month low of $22.19 and a twelve month high of $35.64.

Corebridge Financial (NYSE:CRBG - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.04. Corebridge Financial had a return on equity of 17.37% and a net margin of 4.37%. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the business earned $1.36 earnings per share. Equities research analysts anticipate that Corebridge Financial, Inc. will post 4.63 EPS for the current fiscal 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, September 16th. Corebridge Financial's dividend payout ratio is 58.48%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC purchased a new position in Corebridge Financial during the second quarter valued at approximately $967,400,000. BlackRock Inc. purchased a new stake in Corebridge Financial during the second quarter worth $726,494,000. Donald Smith & CO. Inc. bought a new stake in Corebridge Financial during the 2nd quarter valued at $168,134,000. Davis Asset Management L.P. bought a new stake in Corebridge Financial during the 2nd quarter valued at $166,054,000. Finally, Wellington Management Group LLP purchased a new position in shares of Corebridge Financial in the 2nd quarter valued at $99,469,000. Institutional investors own 98.25% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CRBG shares. UBS Group boosted their price target on shares of Corebridge Financial from $32.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday. Barclays lifted their price objective on shares of Corebridge Financial from $33.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their target price on shares of Corebridge Financial from $40.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. Piper Sandler upped their target price on shares of Corebridge Financial from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Finally, Mizuho increased their price target on shares of Corebridge Financial from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.58.

Get Our Latest Stock Analysis on Corebridge Financial

Corebridge Financial Company Profile

(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.