Corebridge Financial (NYSE:CRBG) Stock: Insider Life Insurance Co Nippon Purchases 253,776 Shares

Corebridge Financial, Inc. (NYSE:CRBG) major shareholder Life Insurance Co Nippon acquired 253,776 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was acquired at an average price of $34.68 per share, with a total value of $8,800,951.68. Following the completion of the transaction, the insider directly owned 128,387,932 shares in the company, valued at $4,452,493,481.76. This trade represents a 0.20% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 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 bought 602,103 shares of Corebridge Financial stock. The shares were purchased at an average price of $34.03 per share, with a total value of $20,489,565.09.
• On Monday, October 12th, Life Insurance Co Nippon bought 143,190 shares of Corebridge Financial stock. The stock was acquired at an average cost of $34.49 per share, with a total value of $4,938,623.10.
• On Friday, October 9th, Life Insurance Co Nippon bought 336,750 shares of Corebridge Financial stock. The stock was bought at an average cost of $34.07 per share, for a total transaction of $11,473,072.50.
• On Thursday, October 8th, Life Insurance Co Nippon acquired 261,198 shares of Corebridge Financial stock. The shares were 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 shares were acquired at an average cost of $34.40 per share, with a total value of $20,877,772.80.
• On Tuesday, October 6th, Life Insurance Co Nippon bought 116,345 shares of Corebridge Financial stock. The shares were 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 price of $34.75 per share, with a total value of $2,283,457.25.
• On Friday, October 2nd, Life Insurance Co Nippon acquired 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 acquired 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 purchased 348,215 shares of Corebridge Financial stock. The stock was bought at an average price of $33.65 per share, with a total value of $11,717,434.75.

Corebridge Financial Stock Down 0.1%

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

Corebridge Financial (NYSE:CRBG) last announced its quarterly earnings data 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 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 last year, the firm posted $1.36 earnings per share. Sell-side analysts anticipate that Corebridge Financial, Inc. will post 4.60 EPS for the current fiscal year.

Corebridge Financial Announces Dividend

The company also recently declared 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 2.9%. The ex-dividend date was Wednesday, September 16th. Corebridge Financial’s payout ratio is 58.48%.

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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRBG. UBS Group raised their price objective on Corebridge Financial from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 6th. Barclays upped their target price on Corebridge Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Jefferies Financial Group lifted their target price on Corebridge Financial from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Zacks Research raised shares of Corebridge Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Corebridge Financial from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Nine equities research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $38.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its position in Corebridge Financial by 5.0% in the third quarter. State of Alaska Department of Revenue now owns 24,915 shares of the company’s stock worth $825,000 after acquiring an additional 1,196 shares during the period. Sound Income Strategies LLC raised its position in shares of Corebridge Financial by 1.8% in the third quarter. Sound Income Strategies LLC now owns 553,544 shares of the company’s stock valued at $19,070,000 after purchasing an additional 9,980 shares during the period. GAMMA Investing LLC lifted its position in shares of Corebridge Financial by 15.8% during the third quarter. GAMMA Investing LLC now owns 5,836 shares of the company’s stock worth $193,000 after acquiring an additional 796 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Corebridge Financial by 11.8% in the third quarter. Farther Finance Advisors LLC now owns 5,583 shares of the company’s stock valued at $185,000 after purchasing an additional 590 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Corebridge Financial by 23.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,676 shares of the company’s stock valued at $420,000 after purchasing an additional 2,814 shares during the period. Hedge funds and other institutional investors own 98.25% of the company’s stock.

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.