Corebridge Financial (NYSE:CRBG) Major Shareholder Acquires $4,938,623.10 in Stock

Corebridge Financial, Inc. (NYSE:CRBG) major shareholder Life Insurance Co Nippon acquired 143,190 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was bought at an average price of $34.49 per share, with a total value of $4,938,623.10. Following the completion of the acquisition, the insider directly owned 128,134,156 shares of the company’s stock, valued at $4,419,347,040.44. This trade represents a 0.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% 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, October 14th, Life Insurance Co Nippon acquired 602,103 shares of Corebridge Financial stock. The stock was acquired at an average cost 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 bought at an average price of $34.68 per share, with a total value of $8,800,951.68.
• On Friday, October 9th, Life Insurance Co Nippon purchased 336,750 shares of Corebridge Financial stock. The shares were acquired at an average price of $34.07 per share, with a total value of $11,473,072.50.
• On Thursday, October 8th, Life Insurance Co Nippon purchased 261,198 shares of Corebridge Financial stock. The stock was acquired at an average cost of $34.30 per share, for a total transaction of $8,959,091.40.
• On Wednesday, October 7th, Life Insurance Co Nippon acquired 606,912 shares of Corebridge Financial stock. The shares were bought at an average price of $34.40 per share, for a total transaction of $20,877,772.80.
• On Tuesday, October 6th, Life Insurance Co Nippon bought 116,345 shares of Corebridge Financial stock. The stock was acquired at an average price of $35.23 per share, for a total transaction of $4,098,834.35.
• On Monday, October 5th, Life Insurance Co Nippon purchased 65,711 shares of Corebridge Financial stock. The shares were bought at an average price of $34.75 per share, with a total value of $2,283,457.25.
• On Friday, October 2nd, Life Insurance Co Nippon bought 187,155 shares of Corebridge Financial stock. The stock was bought 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 price of $33.07 per share, for a total transaction of $9,001,918.56.
• On Wednesday, September 30th, Life Insurance Co Nippon acquired 348,215 shares of Corebridge Financial stock. The stock was acquired at an average cost of $33.65 per share, with a total value of $11,717,434.75.

Corebridge Financial Price Performance

Corebridge Financial stock opened at $34.38 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.12 and a quick ratio of 0.12. Corebridge Financial, Inc. has a one year low of $22.19 and a one year high of $35.64. The firm has a market capitalization of $15.33 billion, a P/E ratio of 7.91, a PEG ratio of 0.49 and a beta of 1.07. The business has a fifty day moving average price of $33.83 and a 200-day moving average price of $30.20.

Corebridge Financial (NYSE:CRBG) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter last year, the company posted $1.36 EPS. As a group, equities research analysts forecast that Corebridge Financial, Inc. will post 4.60 EPS for the current year.

Corebridge Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, September 16th. Corebridge Financial’s dividend payout ratio is currently 58.48%.

Analyst Ratings Changes

Several research analysts recently issued reports on CRBG shares. Jefferies Financial Group increased their price target on shares of Corebridge Financial from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Barclays upped their target price on shares of Corebridge Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Piper Sandler upped their price target on Corebridge Financial from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Mizuho increased their price objective on shares of Corebridge Financial from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, October 7th. 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 five have given a Hold rating to the company’s stock. According to MarketBeat.com, Corebridge Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

Key Stories Impacting 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.

Institutional Trading of Corebridge Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pzena Investment Management LLC bought a new position in shares of Corebridge Financial during the second quarter worth $967,400,000. BlackRock Inc. purchased a new position in shares of Corebridge Financial in the 2nd quarter worth $726,494,000. Dimensional Fund Advisors LP raised its position in shares of Corebridge Financial by 43.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,870,085 shares of the company’s stock valued at $211,575,000 after buying an additional 2,689,611 shares in the last quarter. Donald Smith & CO. Inc. bought a new stake in Corebridge Financial during the second quarter worth approximately $168,134,000. Finally, Davis Asset Management L.P. bought a new stake in Corebridge Financial during the second quarter worth approximately $166,054,000. Institutional investors own 98.25% of the company’s stock.

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.