Corebridge Financial (NYSE:CRBG) Major Shareholder Acquires $6,173,556.80 in Stock

Corebridge Financial, Inc. (NYSE:CRBG) major shareholder Life Insurance Co Nippon acquired 178,840 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was acquired at an average cost of $34.52 per share, with a total value of $6,173,556.80. Following the purchase, the insider owned 124,773,872 shares of the company’s stock, valued at approximately $4,307,194,061.44. This trade represents a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 Tuesday, September 29th, Life Insurance Co Nippon bought 216,818 shares of Corebridge Financial stock. The shares were acquired at an average price of $33.67 per share, with a total value of $7,300,262.06.
• On Monday, September 28th, Life Insurance Co Nippon bought 805,782 shares of Corebridge Financial stock. The shares were acquired at an average cost of $34.15 per share, for a total transaction of $27,517,455.30.
• On Thursday, September 24th, Life Insurance Co Nippon purchased 258,878 shares of Corebridge Financial stock. The stock was acquired at an average cost of $33.85 per share, for a total transaction of $8,763,020.30.
• On Wednesday, September 23rd, Life Insurance Co Nippon purchased 219,273 shares of Corebridge Financial stock. The stock was acquired at an average price of $34.13 per share, with a total value of $7,483,787.49.
• On Tuesday, September 22nd, Life Insurance Co Nippon purchased 296,868 shares of Corebridge Financial stock. The stock was acquired 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 acquired 212,828 shares of Corebridge Financial stock. The shares were bought at an average cost of $35.08 per share, with a total value of $7,466,006.24.
• On Friday, September 18th, Life Insurance Co Nippon acquired 131,333 shares of Corebridge Financial stock. The shares were bought at an average price of $34.88 per share, for a total transaction of $4,580,895.04.
• On Thursday, September 17th, Life Insurance Co Nippon bought 174,760 shares of Corebridge Financial stock. The stock was bought at an average cost of $35.20 per share, for a total transaction of $6,151,552.00.
• On Wednesday, September 16th, Life Insurance Co Nippon bought 320,785 shares of Corebridge Financial stock. The stock was bought at an average cost of $35.02 per share, for a total transaction of $11,233,890.70.
• On Tuesday, September 15th, Life Insurance Co Nippon bought 210,903 shares of Corebridge Financial stock. The shares were bought at an average price of $35.02 per share, with a total value of $7,385,823.06.

Corebridge Financial Stock Performance

CRBG opened at $33.66 on Friday. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 0.42 and a beta of 1.07. The company has a fifty day moving average of $33.35 and a 200 day moving average of $29.41. Corebridge Financial, Inc. has a fifty-two week low of $22.19 and a fifty-two week high of $35.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.12 and a current ratio of 0.12.

Corebridge Financial (NYSE:CRBG) last announced 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. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate 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 firm posted $1.36 EPS. As a group, sell-side analysts forecast that Corebridge Financial, Inc. will post 4.62 earnings per share for the current fiscal year.

Corebridge Financial Announces Dividend

The company also recently disclosed 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 3.0%. The ex-dividend date of this dividend was Wednesday, September 16th. Corebridge Financial’s dividend payout ratio is 58.48%.

Wall Street Analysts Forecast Growth

CRBG has been the topic of several research reports. Piper Sandler boosted their price target on shares of Corebridge Financial from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Zacks Research upgraded shares of Corebridge Financial from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Keefe, Bruyette & Woods increased their price target on shares of Corebridge Financial from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Jefferies Financial Group lifted their price target on Corebridge Financial from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Barclays upped their price objective on Corebridge Financial from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $37.42.

Hedge Funds Weigh In On Corebridge Financial

Hedge funds have recently bought and sold shares of the business. Rothschild Investment LLC increased its stake in Corebridge Financial by 133.3% in the fourth quarter. Rothschild Investment LLC now owns 910 shares of the company’s stock worth $27,000 after purchasing an additional 520 shares during the period. Bell Investment Advisors Inc bought a new stake in shares of Corebridge Financial during the second quarter worth $27,000. Sonoma Allocations LLC purchased a new stake in shares of Corebridge Financial during the first quarter valued at $30,000. Allworth Financial LP bought a new position in shares of Corebridge Financial in the second quarter worth about $41,000. Finally, Versant Capital Management Inc grew its holdings in shares of Corebridge Financial by 1,124.2% in the second quarter. Versant Capital Management Inc now owns 1,616 shares of the company’s stock worth $46,000 after purchasing an additional 1,484 shares during the last quarter. Institutional investors own 98.25% of the company’s stock.

Key Corebridge Financial News

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

• Positive Sentiment: Nippon Life expands its stake: Nippon Life purchased 805,782 CRBG shares for approximately $27.5 million on September 28 at an average price of $34.15, increasing its ownership by 0.65% to more than 125.5 million shares. The transaction followed several other purchases during September, including an additional 216,818 shares worth about $7.3 million on September 29. SEC ownership filing
• Positive Sentiment: Persistent buying provides support: Nippon Life has steadily accumulated CRBG shares over multiple sessions, representing tens of millions of dollars in purchases. Although some transactions were made under a preset plan and may not reflect day-to-day investment decisions, the sustained accumulation can improve investor sentiment and provide a technical underpinning for the stock.
• Positive Sentiment: Income and valuation appeal: Corebridge’s quarterly dividend is $0.25 per share, or $1.00 annualized, implying an approximately 3% yield. Analysts maintain a Moderate Buy consensus with an average price target of $37.42, above recent trading levels.
• Neutral Sentiment: Upcoming earnings date announced: Corebridge will release third-quarter 2026 results after the market closes on November 2 and hold its conference call on November 3. The event is a potential catalyst, but investors will weigh the results against the company’s latest report, which showed an earnings beat alongside revenue below expectations and lower year-over-year EPS. Corebridge Financial schedules third-quarter results

About Corebridge Financial

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.