Corebridge Financial (NYSE:CRBG) Major Shareholder Life Insurance Co Nippon Acquires 227,773 Shares of Stock

Corebridge Financial, Inc. (NYSE:CRBG) major shareholder Life Insurance Co Nippon purchased 227,773 shares of Corebridge Financial stock in a transaction dated Friday, October 30th. The stock was bought at an average price of $34.62 per share, for a total transaction of $7,885,501.26. Following the completion of the purchase, the insider owned 132,343,862 shares in the company, valued at $4,581,744,502.44. This represents a 0.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large 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 Thursday, October 29th, Life Insurance Co Nippon purchased 246,521 shares of Corebridge Financial stock. The shares were bought at an average cost of $35.50 per share, for a total transaction of $8,751,495.50.
• On Wednesday, October 28th, Life Insurance Co Nippon acquired 245,898 shares of Corebridge Financial stock. The shares were bought at an average price of $35.26 per share, with a total value of $8,670,363.48.
• On Tuesday, October 27th, Life Insurance Co Nippon acquired 178,129 shares of Corebridge Financial stock. The stock was bought at an average cost of $35.14 per share, with a total value of $6,259,453.06.
• On Monday, October 26th, Life Insurance Co Nippon acquired 182,826 shares of Corebridge Financial stock. The stock was bought at an average cost of $34.95 per share, with a total value of $6,389,768.70.
• On Friday, October 23rd, Life Insurance Co Nippon bought 595,609 shares of Corebridge Financial stock. The stock was bought at an average price 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, for a total transaction of $8,662,366.00.
• On Wednesday, October 21st, Life Insurance Co Nippon bought 217,182 shares of Corebridge Financial stock. The shares were 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 shares were bought at an average price of $35.01 per share, with a total value of $6,769,428.57.
• On Monday, October 19th, Life Insurance Co Nippon purchased 162,024 shares of Corebridge Financial stock. The stock was 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 purchased 347,195 shares of Corebridge Financial stock. The stock was purchased at an average price of $34.71 per share, with a total value of $12,051,138.45.

Corebridge Financial Trading Up 2.2%

NYSE CRBG opened at $35.81 on Wednesday. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.50 and a beta of 1.05. Corebridge Financial, Inc. has a twelve month low of $22.19 and a twelve month high of $36.56. 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 business’s fifty day moving average is $34.26 and its 200 day moving average is $29.90.

Corebridge Financial (NYSE:CRBG) last issued its earnings results on Monday, November 2nd. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.01). The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $5.36 billion. Corebridge Financial had a return on equity of 18.51% and a net margin of 11.37%. Corebridge Financial’s revenue for the quarter was down 20.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 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 company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be 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 is Thursday, December 17th. Corebridge Financial’s payout ratio is 58.48%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CRBG shares. UBS Group raised their price objective on shares of Corebridge Financial from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, October 6th. Mizuho boosted their target price 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. Jefferies Financial Group upped their price target on shares of Corebridge Financial from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Piper Sandler raised their price target on shares of Corebridge Financial from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Finally, Weiss Ratings upgraded shares of Corebridge Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

More Corebridge Financial News

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

• Positive Sentiment: Corebridge reported Q3 earnings of $1.22 per share, up from $0.96 a year earlier and essentially in line with Zacks’ consensus estimate. Management also cited its strongest annuity sales of the year, momentum in advisory, and a diversified business model. Corebridge Financial Announces Third Quarter 2026 Results
• Positive Sentiment: Major shareholder Nippon Life made multiple open-market purchases, including about 246,500 shares for roughly $8.8 million. The ongoing buying may be seen as a signal of confidence, though it represents a small increase relative to its large existing stake. Nippon Life Share Purchase
• Neutral Sentiment: Corebridge declared a quarterly dividend of $0.25 per share, or $1.00 annualized, for a stated yield of 2.8%. The payout may appeal to income investors but is not, by itself, a major change to the outlook. Dividend Announcement
• Negative Sentiment: Revenue was $4.50 billion, below the $5.36 billion analyst estimate and down 20% year over year. A separate report flagged a roughly 29% decline in premiums and deposits, raising concerns about business volumes and future growth despite higher EPS. Corebridge Q3 Premiums and Deposits Report

Hedge Funds Weigh In On Corebridge Financial

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

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 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.