Corebridge Financial (NYSE:CRBG) Sets New 12-Month High on Insider Buying Activity

Corebridge Financial, Inc. (NYSE:CRBG) reached a new 52-week high during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $36.00 and last traded at $36.0580, with a volume of 294,196 shares trading hands. The stock had previously closed at $35.04.

Specifically, major shareholder Life Insurance Co Nippon acquired 246,521 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were bought at an average price of $35.50 per share, with a total value of $8,751,495.50. Following the completion of the acquisition, the insider owned 132,116,089 shares in the company, valued at $4,690,121,159.50. This trade represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Life Insurance Co Nippon acquired 245,898 shares of Corebridge Financial stock in a transaction dated Wednesday, October 28th. The shares were bought at an average price of $35.26 per share, with a total value of $8,670,363.48. Following the transaction, the insider directly owned 131,869,568 shares in the company, valued at approximately $4,649,720,967.68. The trade was a 0.19% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In related news, major shareholder Life Insurance Co Nippon purchased 178,129 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were purchased at an average cost of $35.14 per share, for a total transaction of $6,259,453.06. Following the purchase, the insider directly owned 131,623,670 shares of the company’s stock, valued at $4,625,255,763.80. The trade was a 0.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

CRBG has been the subject of several research analyst reports. Barclays upped their price objective on shares of Corebridge Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Keefe, Bruyette & Woods raised their price objective on Corebridge Financial from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. 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 research report on Friday, July 10th. Weiss Ratings raised Corebridge Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Mizuho upped their target price on Corebridge Financial from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, October 7th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Corebridge Financial currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Corebridge Financial News Summary

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

• Positive Sentiment: Corebridge reported third-quarter EPS of $1.22, up from $0.96 a year earlier and essentially in line with consensus estimates. The earnings growth supports the company’s resilient profitability story. Corebridge Financial Meets Q3 Earnings Estimates
• Positive Sentiment: Life Insurance Co. Nippon purchased another 246,521 CRBG shares for approximately $8.75 million at an average price of $35.50. The purchase increased its stake to roughly 132.1 million shares and follows a series of additional acquisitions, potentially signaling confidence from a large, long-term shareholder. Corebridge Major Shareholder Acquires Shares
• Positive Sentiment: Management said Corebridge delivered its strongest annuity sales of the year and continued to build momentum in advisory services, while emphasizing its diversified business model and disciplined capital allocation. Corebridge Financial Announces Third Quarter 2026 Results
• Neutral Sentiment: Profitability remained solid, with a 17.37% return on equity and a 4.37% net margin. The stock was trading near its 52-week high, which reflects strong recent momentum but may also increase sensitivity to disappointing operating trends. Corebridge Financial Stock and Earnings Data
• Negative Sentiment: Revenue totaled $4.50 billion, well below the $5.36 billion analyst estimate and down 20% year over year. A separate report indicated premiums and deposits fell approximately 29%, raising concerns about weaker sales and future growth despite higher EPS. Corebridge Q3 EPS Beat Hides Drop in Premiums and Deposits

Corebridge Financial Stock Up 2.8%

The business’s fifty day moving average price is $34.19 and its 200 day moving average price is $29.87. The firm has a market capitalization of $16.06 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 0.50 and a beta of 1.07. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.14.

Corebridge Financial (NYSE:CRBG) last released its quarterly earnings results on Monday, November 2nd. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.01). Corebridge Financial had a net margin of 4.37% and a return on equity of 17.37%. The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter last year, the company earned $0.96 EPS. The firm’s revenue for the quarter was down 20.0% compared to the same quarter last year. On average, equities analysts expect that Corebridge Financial, Inc. will post 4.59 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pzena Investment Management LLC purchased a new stake in shares of Corebridge Financial in the second quarter valued at about $967,400,000. BlackRock Inc. acquired a new stake in shares of Corebridge Financial during the second quarter worth about $726,494,000. Dimensional Fund Advisors LP grew its holdings in shares of Corebridge Financial by 43.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,870,085 shares of the company’s stock worth $211,575,000 after buying an additional 2,689,611 shares during the last quarter. Donald Smith & CO. Inc. purchased a new position in shares of Corebridge Financial during the second quarter worth about $168,134,000. Finally, Davis Asset Management L.P. purchased a new position in shares of Corebridge Financial during the second quarter worth about $166,054,000. 98.25% of the stock is owned by hedge funds and other 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 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.