Corebridge Financial, Inc. (NYSE:CRBG – Get Free Report) major shareholder Life Insurance Co Nippon acquired 258,878 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was bought at an average cost of $33.85 per share, for a total transaction of $8,763,020.30. Following the completion of the purchase, the insider directly owned 124,595,032 shares in the company, valued at $4,217,541,833.20. This represents a 0.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Life Insurance Co Nippon also recently made the following trade(s):
- On Monday, September 28th, Life Insurance Co Nippon bought 805,782 shares of Corebridge Financial stock. The stock was purchased at an average price of $34.15 per share, for a total transaction of $27,517,455.30.
- On Friday, September 25th, Life Insurance Co Nippon acquired 178,840 shares of Corebridge Financial stock. The stock was acquired at an average price of $34.52 per share, for a total transaction of $6,173,556.80.
- On Wednesday, September 23rd, Life Insurance Co Nippon purchased 219,273 shares of Corebridge Financial stock. The stock was acquired at an average cost of $34.13 per share, for a total transaction of $7,483,787.49.
- On Tuesday, September 22nd, Life Insurance Co Nippon purchased 296,868 shares of Corebridge Financial stock. The shares were 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 purchased 212,828 shares of Corebridge Financial stock. The stock was 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 bought 131,333 shares of Corebridge Financial stock. The stock was bought at an average price of $34.88 per share, with a total value of $4,580,895.04.
- On Thursday, September 17th, Life Insurance Co Nippon acquired 174,760 shares of Corebridge Financial stock. The stock was purchased at an average price of $35.20 per share, with a total value of $6,151,552.00.
- On Wednesday, September 16th, Life Insurance Co Nippon bought 320,785 shares of Corebridge Financial stock. The stock was purchased at an average price of $35.02 per share, with a total value of $11,233,890.70.
- On Tuesday, September 15th, Life Insurance Co Nippon bought 210,903 shares of Corebridge Financial stock. The stock was purchased at an average cost of $35.02 per share, with a total value of $7,385,823.06.
- On Monday, September 14th, Life Insurance Co Nippon purchased 295,967 shares of Corebridge Financial stock. The shares were acquired at an average price of $34.86 per share, for a total transaction of $10,317,409.62.
Corebridge Financial Trading Down 1.6%
Shares of CRBG stock opened at $33.23 on Thursday. The firm has a fifty day moving average of $33.29 and a 200-day moving average of $29.34. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 0.43 and a beta of 1.08. Corebridge Financial, Inc. has a 52-week low of $22.19 and a 52-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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Wednesday, September 16th. Corebridge Financial’s dividend payout ratio is currently 58.48%.
Corebridge Financial News Roundup
Here are the key news stories impacting Corebridge Financial this week:
- Positive Sentiment: Major shareholder continues buying: Life Insurance Co. Nippon purchased 805,782 shares for approximately $27.5 million on September 28 at an average price of $34.15. The purchase follows multiple acquisitions throughout September, signaling continued confidence from a shareholder that already owns more than 125.5 million shares. SEC ownership filing
- Positive Sentiment: Analyst expectations remain favorable: Nine analysts rate CRBG Buy and six rate it Hold, producing a Moderate Buy consensus and an average price target of $37.42—above the stock’s recent trading level. Several firms previously raised their targets, including TD Cowen, Jefferies, Mizuho and Piper Sandler.
- Positive Sentiment: Dividend supports income appeal: Corebridge’s quarterly dividend is $0.25 per share, or $1.00 annualized, representing an approximately 3% yield based on the reported share price.
- Neutral Sentiment: Third-quarter results date announced: Corebridge will release third-quarter 2026 financial results after the market closes on November 2, followed by an earnings conference call on November 3. Investors may remain cautious ahead of the report, particularly after the latest quarter’s earnings beat was accompanied by revenue below expectations and lower year-over-year EPS. Corebridge Financial schedules third-quarter results
Wall Street Analyst Weigh In
A number of analysts have weighed in on CRBG shares. Wells Fargo & Company upped their price target on Corebridge Financial from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Mizuho upped their target price on shares of Corebridge Financial from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Zacks Research raised shares of Corebridge Financial from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. TD Cowen boosted their price target on shares of Corebridge Financial from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, UBS Group raised their price objective on shares of Corebridge Financial from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.42.
Read Our Latest Research Report on CRBG
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in CRBG. Pzena Investment Management LLC acquired a new stake in shares of Corebridge Financial in the 2nd quarter valued at $967,400,000. BlackRock Inc. acquired a new position in shares of Corebridge Financial during the second quarter valued at $726,494,000. Norges Bank acquired a new position in shares of Corebridge Financial during the fourth quarter valued at $611,550,000. Donald Smith & CO. Inc. bought a new position in Corebridge Financial in the second quarter valued at about $168,134,000. Finally, Davis Asset Management L.P. acquired a new stake in Corebridge Financial in the second quarter worth about $166,054,000. 98.25% of the stock is owned by institutional investors.
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.
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