Corebridge Financial (NYSE:CRBG) Major Shareholder Life Insurance Co Nippon Purchases 193,357 Shares of Stock

Posted by Jessica Moore on Oct 23rd, 2026

Corebridge Financial, Inc. (NYSE:CRBG – Get Free Report) major shareholder Life Insurance Co Nippon purchased 193,357 shares of the stock in a transaction dated Tuesday, October 20th. The stock was purchased at an average cost of $35.01 per share, for a total transaction of $6,769,428.57. Following the completion of the purchase, the insider directly owned 130,203,484 shares of the company’s stock, valued at approximately $4,558,423,974.84. The trade was a 0.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

On Monday, October 19th, Life Insurance Co Nippon purchased 162,024 shares of Corebridge Financial stock. The shares were purchased at an average price of $34.51 per share, with a total value of $5,591,448.24.
On Friday, October 16th, Life Insurance Co Nippon acquired 347,195 shares of Corebridge Financial stock. The stock was purchased at an average cost of $34.71 per share, with a total value of $12,051,138.45.
On Thursday, October 15th, Life Insurance Co Nippon acquired 510,873 shares of Corebridge Financial stock. The stock was purchased at an average price of $33.43 per share, for a total transaction 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 price of $34.03 per share, for a total transaction of $20,489,565.09.
On Tuesday, October 13th, Life Insurance Co Nippon bought 253,776 shares of Corebridge Financial stock. The shares were acquired at an average cost of $34.68 per share, for a total transaction of $8,800,951.68.
On Monday, October 12th, Life Insurance Co Nippon bought 143,190 shares of Corebridge Financial stock. The shares were acquired at an average cost 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 acquired at an average cost of $34.07 per share, with a total value of $11,473,072.50.
On Thursday, October 8th, Life Insurance Co Nippon bought 261,198 shares of Corebridge Financial stock. The stock was acquired at an average price of $34.30 per share, with a total value of $8,959,091.40.
On Wednesday, October 7th, Life Insurance Co Nippon bought 606,912 shares of Corebridge Financial stock. The stock was acquired at an average price of $34.40 per share, with a total value of $20,877,772.80.
On Tuesday, October 6th, Life Insurance Co Nippon purchased 116,345 shares of Corebridge Financial stock. The stock was acquired at an average cost of $35.23 per share, for a total transaction of $4,098,834.35.

Corebridge Financial Stock Performance

CRBG opened at $35.62 on Friday. The firm has a market capitalization of $15.88 billion, a PE ratio of 8.11, a PEG ratio of 0.50 and a beta of 1.07. Corebridge Financial, Inc. has a twelve month low of $22.19 and a twelve month high of $35.64. The firm’s 50-day moving average price is $33.92 and its 200 day moving average price is $30.56. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.14.

Corebridge Financial (NYSE:CRBG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Corebridge Financial had a net margin of 4.37% and a return on equity of 17.37%. During the same quarter in the prior year, the company earned $1.36 EPS. As a group, sell-side analysts expect that Corebridge Financial, Inc. will post 4.59 EPS for the current fiscal year.

Corebridge Financial Dividend Announcement

The business also recently announced 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 2.8%. The ex-dividend date was Wednesday, September 16th. Corebridge Financial’s payout ratio is currently 58.48%.

Corebridge Financial News Summary

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

Positive Sentiment: Life Insurance Co Nippon continued its aggressive accumulation of CRBG. The shareholder bought 193,357 shares for approximately $6.8 million on October 20, following purchases of 162,024 shares on October 19 and 347,195 shares on October 16. Including earlier October transactions, Nippon purchased roughly 3.6 million shares worth more than $120 million, increasing its already substantial position. The buying may signal confidence in Corebridge’s valuation and outlook. SEC ownership filing
Positive Sentiment: TD Cowen raised its price target from $38 to $40 and maintained a “Buy” rating. The revised target indicates additional upside from the referenced share price and reinforces the favorable analyst view. TD Cowen analyst recommendations
Positive Sentiment: Wells Fargo also raised its CRBG price target to $40. Recent target increases from several firms, including Piper Sandler and Barclays, have helped strengthen the bullish investment case. Wells Fargo raises Corebridge Financial target
Neutral Sentiment: Corebridge’s latest quarterly results exceeded EPS expectations, with earnings of $1.12 versus the $1.08 consensus estimate, but revenue of $4.30 billion missed estimates and EPS declined from $1.36 a year earlier. The mixed operating results could limit further upside until the next earnings report.
Neutral Sentiment: The company’s quarterly dividend remains $0.25 per share, equivalent to a $1.00 annualized payout and an approximately 2.8% yield, providing ongoing income support for investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRBG. Wells Fargo & Company increased their price target on Corebridge Financial from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Weiss Ratings raised Corebridge Financial from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. TD Cowen boosted their price objective on Corebridge Financial from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays upped their target price on Corebridge Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Finally, UBS Group raised their target price on Corebridge Financial from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 6th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Read Our Latest Research Report on CRBG

Institutional Trading of Corebridge Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in Corebridge Financial by 11.8% in the third quarter. Farther Finance Advisors LLC now owns 5,583 shares of the company’s stock valued at $185,000 after buying an additional 590 shares during the last quarter. Allworth Financial LP increased its position in shares of Corebridge Financial by 100.6% during the second quarter. Allworth Financial LP now owns 1,444 shares of the company’s stock valued at $41,000 after acquiring an additional 724 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Corebridge Financial by 15.8% during the third quarter. GAMMA Investing LLC now owns 5,836 shares of the company’s stock valued at $193,000 after acquiring an additional 796 shares during the last quarter. State of Wyoming lifted its holdings in shares of 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 acquiring an additional 823 shares during the last quarter. Finally, Corient Private Wealth LP boosted its position in shares of Corebridge Financial by 1.2% during the 2nd quarter. Corient Private Wealth LP now owns 72,562 shares of the company’s stock worth $2,077,000 after purchasing an additional 858 shares during the period. 98.25% of the stock is currently owned by hedge funds and other institutional investors.

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.