Insider Buying: Corebridge Financial (NYSE:CRBG) Major Shareholder Purchases $20,232,837.73 in Stock

October 28, 2026 by InsiderTrades.com

Key Points

Life Insurance Co Nippon bought 595,609 Corebridge Financial shares for $20.23 million, increasing its stake by 0.46% to 131.26 million shares. The purchase followed multiple additional buys during October.
Corebridge shares opened at $35.38, near their 52-week high of $35.64, while analysts maintain a “Moderate Buy” consensus with an average price target of $39.
The company reported quarterly EPS of $1.12, beating estimates by $0.04, and pays a quarterly dividend of $0.25, equivalent to a 2.8% annual yield.

Corebridge Financial, Inc. (NYSE:CRBG - Get Free Report) major shareholder Life Insurance Co Nippon bought 595,609 shares of the firm's stock in a transaction dated Friday, October 23rd. The stock was bought at an average cost of $33.97 per share, with a total value of $20,232,837.73. Following the transaction, the insider directly owned 131,262,715 shares of the company's stock, valued at approximately $4,458,994,428.55. This trade represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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 Thursday, October 22nd, Life Insurance Co Nippon bought 246,440 shares of Corebridge Financial stock. The stock was bought at an average price of $35.15 per share, with a total value of $8,662,366.00.
On Wednesday, October 21st, Life Insurance Co Nippon bought 217,182 shares of Corebridge Financial stock. The shares were bought at an average price of $35.38 per share, for a total transaction of $7,683,899.16.
On Tuesday, October 20th, Life Insurance Co Nippon bought 193,357 shares of Corebridge Financial stock. The shares were bought at an average price of $35.01 per share, for a total transaction of $6,769,428.57.
On Monday, October 19th, Life Insurance Co Nippon purchased 162,024 shares of Corebridge Financial stock. The shares were bought at an average cost of $34.51 per share, for a total transaction of $5,591,448.24.
On Friday, October 16th, Life Insurance Co Nippon purchased 347,195 shares of Corebridge Financial stock. The shares were bought at an average cost of $34.71 per share, for a total transaction of $12,051,138.45.
On Thursday, October 15th, Life Insurance Co Nippon purchased 510,873 shares of Corebridge Financial stock. The stock was bought at an average price of $33.43 per share, with a total value of $17,078,484.39.
On Wednesday, October 14th, Life Insurance Co Nippon acquired 602,103 shares of Corebridge Financial stock. The stock was purchased at an average cost of $34.03 per share, with a total value of $20,489,565.09.
On Tuesday, October 13th, Life Insurance Co Nippon acquired 253,776 shares of Corebridge Financial stock. The stock was purchased at an average cost of $34.68 per share, with a total value of $8,800,951.68.
On Monday, October 12th, Life Insurance Co Nippon acquired 143,190 shares of Corebridge Financial stock. The shares were purchased at an average price of $34.49 per share, for a total transaction of $4,938,623.10.
On Friday, October 9th, Life Insurance Co Nippon bought 336,750 shares of Corebridge Financial stock. The shares were purchased at an average cost of $34.07 per share, for a total transaction of $11,473,072.50.

Corebridge Financial Trading Up 2.1%

NYSE CRBG opened at $35.38 on Wednesday. The stock has a market cap of $15.77 billion, a P/E ratio of 20.69 and a beta of 1.07. The company's fifty day simple moving average is $33.97 and its 200-day simple moving average is $29.78. Corebridge Financial, Inc. has a 52 week low of $22.19 and a 52 week high of $35.64.

Corebridge Financial (NYSE:CRBG - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.04. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period in the previous year, the business posted $1.36 earnings per share. On average, research analysts expect that Corebridge Financial, Inc. will post 4.59 EPS for the current fiscal year.

Corebridge Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, September 16th. Corebridge Financial's dividend payout ratio is presently 58.48%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings upgraded Corebridge Financial from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Thursday, August 6th. UBS Group boosted their price target on Corebridge Financial from $32.00 to $36.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 6th. Mizuho increased their price target on Corebridge Financial from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, October 7th. Keefe, Bruyette & Woods upped their target price on Corebridge Financial from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Finally, Piper Sandler increased their target price on Corebridge Financial from $38.00 to $40.00 and gave the company an "overweight" rating in a research note on Monday, October 12th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.00.

Get Our Latest Stock Analysis on Corebridge Financial

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC bought a new stake in shares of Corebridge Financial in the 2nd quarter worth about $967,400,000. BlackRock Inc. acquired a new stake in shares of Corebridge Financial in the 2nd quarter valued at about $726,494,000. Dimensional Fund Advisors LP lifted its position in shares of Corebridge Financial by 43.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,870,085 shares of the company's stock worth $211,575,000 after purchasing an additional 2,689,611 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in shares of Corebridge Financial during the second quarter worth about $168,134,000. Finally, Davis Asset Management L.P. bought a new position in shares of Corebridge Financial during the second quarter worth about $166,054,000. 98.25% of the stock is owned by institutional investors and hedge funds.

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 institutions through offerings designed to support retirement savings, income planning and financial protection.

Its products and services include individual and group retirement plans, annuities, life insurance and institutional retirement solutions. Corebridge also provides investment and administrative services associated with retirement plans, helping employers and employees manage long-term savings and retirement income needs.

Corebridge was established through the separation of American International Group's (AIG) Life and Retirement business and began operating as an independent publicly traded company in 2022.