Corebridge Financial (NYSE:CRBG) Major Shareholder Buys $11,473,072.50 in Stock

Corebridge Financial, Inc. (NYSE:CRBG) major shareholder Life Insurance Co Nippon bought 336,750 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was purchased at an average price of $34.07 per share, for a total transaction of $11,473,072.50. Following the purchase, the insider owned 127,990,966 shares of the company’s stock, valued at approximately $4,360,652,211.62. This represents a 0.26% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, October 14th, Life Insurance Co Nippon acquired 602,103 shares of Corebridge Financial stock. The stock was acquired 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 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 purchased 143,190 shares of Corebridge Financial stock. The stock was acquired at an average price of $34.49 per share, with a total value of $4,938,623.10.
• On Thursday, October 8th, Life Insurance Co Nippon bought 261,198 shares of Corebridge Financial stock. The stock was purchased at an average price of $34.30 per share, for a total transaction of $8,959,091.40.
• On Wednesday, October 7th, Life Insurance Co Nippon purchased 606,912 shares of Corebridge Financial stock. The stock was bought 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 bought 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 purchased 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 purchased 187,155 shares of Corebridge Financial stock. The shares were purchased at an average price of $34.27 per share, for a total transaction of $6,413,801.85.
• On Thursday, October 1st, Life Insurance Co Nippon acquired 272,208 shares of Corebridge Financial stock. The stock was purchased at an average cost of $33.07 per share, with a total value of $9,001,918.56.
• On Wednesday, September 30th, Life Insurance Co Nippon bought 348,215 shares of Corebridge Financial stock. The stock was acquired at an average price of $33.65 per share, for a total transaction of $11,717,434.75.

Corebridge Financial Stock Performance

Shares of CRBG stock opened at $34.38 on Friday. The company’s 50 day moving average is $33.83 and its 200 day moving average is $30.20. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.14. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.49 and a beta of 1.07. Corebridge Financial, Inc. has a 52-week low of $22.19 and a 52-week high of $35.64.

Corebridge Financial (NYSE:CRBG) last issued its earnings results on Wednesday, August 5th. The company reported $1.12 earnings per share (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 during the quarter, compared to analyst estimates of $4.66 billion. During the same quarter last year, the business posted $1.36 EPS. On average, sell-side analysts anticipate that Corebridge Financial, Inc. will post 4.60 EPS for the current fiscal year.

Corebridge Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued 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 58.48%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRBG. Pzena Investment Management LLC bought a new position in shares of Corebridge Financial during the second quarter worth about $967,400,000. BlackRock Inc. acquired a new position in shares of Corebridge Financial in the 2nd quarter valued at about $726,494,000. Dimensional Fund Advisors LP raised its stake in 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 acquiring an additional 2,689,611 shares during the period. Donald Smith & CO. Inc. bought a new position in Corebridge Financial in the second quarter worth about $168,134,000. Finally, Davis Asset Management L.P. acquired a new stake in shares of Corebridge Financial during the 2nd quarter worth approximately $166,054,000. Institutional investors and hedge funds own 98.25% of the company’s stock.

Trending Headlines about Corebridge Financial

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

• Positive Sentiment: Repeated Nippon purchases signal confidence: Life Insurance Co. Nippon acquired an additional 602,103 CRBG shares for approximately $20.5 million on October 14, following several purchases in recent weeks. Its position now exceeds 128.9 million shares. Continued accumulation by a major shareholder may support investor sentiment and reduce available trading supply. SEC ownership filing
• Positive Sentiment: Activist-investor activity could create a catalyst: A recent report identifies Corebridge among companies seeing action from activist investors. Although the report does not provide specific demands or proposed changes, activist involvement can raise expectations for strategic adjustments, improved capital returns or other measures intended to unlock shareholder value. Corebridge and 4 more stocks see action from activist investors
• Neutral Sentiment: Valuation and analyst stance remain generally constructive: CRBG trades at a relatively low earnings multiple, pays an annualized $1.00 dividend, and analysts maintain a consensus “Moderate Buy” rating with a target price above recent trading levels. These factors may cushion the stock, although they are not new developments.
• Negative Sentiment: FY2026 earnings estimate was reduced: DOWLING & PARTN lowered its Corebridge 2026 EPS forecast to $4.75 from $4.90. While the revised estimate remains above the broader consensus of $4.62, the downgrade raises concerns about earnings momentum and may weigh on the shares.

Analyst Ratings Changes

A number of research analysts have commented on CRBG shares. UBS Group lifted their price objective on shares of Corebridge Financial from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods lifted their price target on Corebridge Financial from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Zacks Research upgraded Corebridge Financial from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Wells Fargo & Company boosted their price objective 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 Corebridge Financial from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 7th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Corebridge Financial Company Profile

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.