Corebridge Financial (NYSE:CRBG) Major Shareholder Life Insurance Co Nippon Acquires 245,898 Shares of Company Stock

October 31, 2026 by InsiderTrades.com

Key Points

Life Insurance Co Nippon bought 245,898 Corebridge Financial shares at an average $35.26 each, increasing its position by 0.19% to 131.9 million shares valued at approximately $4.65 billion.
The purchase continues a series of acquisitions by Nippon, which bought more than 3.2 million additional CRBG shares across several transactions in October.
Corebridge shares opened at $34.79, down 1.4%, while analysts maintained a “Moderate Buy” consensus with a $39 average price target; the company also pays a quarterly dividend of $0.25.

Corebridge Financial, Inc. (NYSE:CRBG - Get Free Report) major shareholder Life Insurance Co Nippon acquired 245,898 shares of the business's stock in a transaction dated Wednesday, October 28th. The shares were bought at an average price of $35.26 per share, with a total value of $8,670,363.48. Following the transaction, the insider directly owned 131,869,568 shares in the company, valued at approximately $4,649,720,967.68. The trade was a 0.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company's shares 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 Tuesday, October 27th, Life Insurance Co Nippon bought 178,129 shares of Corebridge Financial stock. The stock was bought at an average price of $35.14 per share, for a total transaction of $6,259,453.06.
On Monday, October 26th, Life Insurance Co Nippon bought 182,826 shares of Corebridge Financial stock. The stock was bought at an average price of $34.95 per share, for a total transaction of $6,389,768.70.
On Friday, October 23rd, Life Insurance Co Nippon bought 595,609 shares of Corebridge Financial stock. The shares were bought at an average cost of $33.97 per share, for a total transaction of $20,232,837.73.
On Thursday, October 22nd, Life Insurance Co Nippon bought 246,440 shares of Corebridge Financial stock. The shares were bought at an average cost of $35.15 per share, with a total value of $8,662,366.00.
On Wednesday, October 21st, Life Insurance Co Nippon purchased 217,182 shares of Corebridge Financial stock. The stock was bought at an average cost of $35.38 per share, for a total transaction of $7,683,899.16.
On Tuesday, October 20th, Life Insurance Co Nippon purchased 193,357 shares of Corebridge Financial stock. The stock was bought at an average cost of $35.01 per share, for a total transaction of $6,769,428.57.
On Monday, October 19th, Life Insurance Co Nippon acquired 162,024 shares of Corebridge Financial stock. The shares were bought at an average price of $34.51 per share, for a total transaction of $5,591,448.24.
On Friday, October 16th, Life Insurance Co Nippon bought 347,195 shares of Corebridge Financial stock. The stock was purchased 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 bought 510,873 shares of Corebridge Financial stock. The stock was purchased at an average cost of $33.43 per share, for a total transaction of $17,078,484.39.
On Wednesday, October 14th, Life Insurance Co Nippon purchased 602,103 shares of Corebridge Financial stock. The shares were purchased at an average price of $34.03 per share, for a total transaction of $20,489,565.09.

Corebridge Financial Stock Down 1.4%

Shares of NYSE:CRBG opened at $34.79 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $15.51 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 0.50 and a beta of 1.07. Corebridge Financial, Inc. has a 52 week low of $22.19 and a 52 week high of $36.00. The firm has a 50 day simple moving average of $34.12 and a 200 day simple moving average of $29.84.

Corebridge Financial (NYSE:CRBG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.12 earnings per share 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 firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.66 billion. During the same period in the previous year, the company posted $1.36 EPS. As a group, research analysts expect that Corebridge Financial, Inc. will post 4.59 earnings per share for the current year.

Corebridge Financial Dividend Announcement

The firm also recently announced 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 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 (DPR) is 58.48%.

Institutional Trading of Corebridge Financial

A number of institutional investors have recently bought and sold shares of CRBG. ProShare Advisors LLC raised its position in shares of Corebridge Financial by 4.7% in the third quarter. ProShare Advisors LLC now owns 9,994 shares of the company's stock valued at $331,000 after purchasing an additional 445 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Corebridge Financial by 11.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,583 shares of the company's stock worth $185,000 after buying an additional 590 shares during the last quarter. Allworth Financial LP boosted 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 worth $41,000 after buying an additional 724 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Corebridge Financial by 15.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,836 shares of the company's stock worth $193,000 after buying an additional 796 shares during the period. Finally, State of Wyoming grew its stake in Corebridge Financial by 16.1% in the 1st quarter. State of Wyoming now owns 5,919 shares of the company's stock valued at $141,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 98.25% of the company's stock.

Analysts Set New Price Targets

CRBG has been the topic of a number of research analyst reports. Barclays lifted their price target on Corebridge Financial from $33.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, October 7th. Jefferies Financial Group raised their price objective on Corebridge Financial from $43.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Weiss Ratings raised Corebridge Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Wells Fargo & Company increased their price target on shares of Corebridge Financial from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, October 12th. Finally, Mizuho raised their price target on shares of Corebridge Financial from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, October 7th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Read Our Latest Research Report on CRBG

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 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.