Corebridge Financial (NYSE:CRBG) Major Shareholder Purchases 272,208 Shares of Company Stock

05 Oct 2026, 21:09 by Sarita Garza · The Markets Daily

Corebridge Financial, Inc. (NYSE:CRBG – Get Free Report) major shareholder Life Insurance Co Nippon acquired 272,208 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was acquired at an average cost of $33.07 per share, with a total value of $9,001,918.56. Following the transaction, the insider directly owned 126,416,895 shares of the company’s stock, valued at approximately $4,180,606,717.65. This represents a 0.22% increase in their ownership of the stock. The transaction 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 sales and purchases with the SEC.

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

On Wednesday, September 30th, Life Insurance Co Nippon bought 348,215 shares of Corebridge Financial stock. The shares were acquired at an average price 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 cost of $33.67 per share, with a total value of $7,300,262.06.
On Monday, September 28th, Life Insurance Co Nippon purchased 805,782 shares of Corebridge Financial stock. The stock was bought at an average price 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 bought at an average cost of $34.52 per share, for a total transaction of $6,173,556.80.
On Thursday, September 24th, Life Insurance Co Nippon acquired 258,878 shares of Corebridge Financial stock. The shares were 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 bought 219,273 shares of Corebridge Financial stock. The stock was bought at an average cost of $34.13 per share, with a total value of $7,483,787.49.
On Tuesday, September 22nd, Life Insurance Co Nippon bought 296,868 shares of Corebridge Financial stock. The stock was bought at an average price of $34.31 per share, with a total value of $10,185,541.08.
On Monday, September 21st, Life Insurance Co Nippon bought 212,828 shares of Corebridge Financial stock. The shares were bought at an average price of $35.08 per share, for a total transaction of $7,466,006.24.
On Friday, September 18th, Life Insurance Co Nippon purchased 131,333 shares of Corebridge Financial stock. The shares were bought at an average cost of $34.88 per share, for a total transaction of $4,580,895.04.
On Thursday, September 17th, Life Insurance Co Nippon purchased 174,760 shares of Corebridge Financial stock. The stock was bought at an average price of $35.20 per share, with a total value of $6,151,552.00.

Corebridge Financial Stock Up 2.3%

NYSE:CRBG traded up $0.80 during trading hours on Monday, hitting $34.83. The stock had a trading volume of 3,584,541 shares, compared to its average volume of 4,984,413. The company has a market cap of $15.52 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 0.43 and a beta of 1.07. The business has a 50 day simple moving average of $33.40 and a two-hundred day simple moving average of $29.48. Corebridge Financial, Inc. has a 1-year low of $22.19 and a 1-year high of $35.64. 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 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. The business had revenue of $4.30 billion for 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 period in the previous year, the company posted $1.36 earnings per share. Analysts predict that Corebridge Financial, Inc. will post 4.62 EPS for the current 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 2.9%. The ex-dividend date of this dividend was Wednesday, September 16th. Corebridge Financial’s dividend payout ratio is presently 58.48%.

Institutional Trading of Corebridge Financial

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRBG. Wells Fargo & Company lifted their target price on Corebridge Financial from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Jefferies Financial Group raised their price objective on Corebridge Financial from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, July 10th. TD Cowen raised their price objective on Corebridge Financial from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. UBS Group upped their target price on Corebridge Financial from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings upgraded Corebridge Financial from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.42.

Check Out 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.