Corebridge Financial (CRBG) 10% Owner Co Buys $17M of Stock
Key Points
- Major shareholder Nippon Life Insurance Co purchased 510,873 shares of Corebridge Financial, Inc. on October 15, 2026, for about $17.1 million under a planned trading arrangement.
- After the trade, Nippon Life Insurance Co holds 129,500,908 $CRBG shares, up 0.40% from before the trade.
- The company reported $19.5 billion in trailing-twelve-month revenue alongside a net profit margin of 4.6% ahead of its upcoming earnings report on November 2, 2026.
- Wall Street analysts maintain a consensus buy view on the stock with a mean price target of $40.25, supported by recent target increases across several major financial firms.
Since the trade, $CRBG is up 0.3% to date (from the $34.43 close on Oct 15, 2026).
Get Corebridge Financial text alerts
We text you when insiders, Congress, analysts or big funds move on $CRBG.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Corebridge Financial, Inc. alert may contain errors. Disclosures
Major shareholder Nippon Life Insurance Co bought 510,873 shares of Corebridge Financial, Inc. (CRBG) on October 15, 2026, continuing a steady pattern of recent stock acquisitions. According to a Form 4 filed with the SEC, the 10% owner executed the purchase at an average price of $33.43 per share, totaling about $17.1 million. The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan. Following this acquisition, the institutional investor held 129,500,908 shares, raising its stake by about 0.4%. The stock closed at $34.43 on the day of the trade.
CRBG
Corebridge Financial, Inc.
Inside Nippon Life Insurance Co's Corebridge Financial Trade
The transaction on October 15 followed several other purchases made by Nippon Life Insurance Co earlier in the month, including a buy of 602,103 shares on October 14 and smaller trades earlier in October. This latest move expands the major holder's substantial position in the insurance provider.
Other Institutional Activity in Corebridge Financial
Other large funds have also adjusted their positions in the firm recently. Pzena Investment Management LLC grew its holdings by 6,744,964 shares, ending with 33,789,727 shares worth about $1.2 billion. Harris Associates L.P. grew its holdings by 167,265 shares, ending with 25,132,155 shares worth about $864.8 million. Voloridge Investment Management reduced its holdings by 459,338 shares, ending with 2,256,114 shares worth about $66.5 million. Meanwhile, Blackstone Inc kept its stake steady at 61,962,123 shares worth about $2.1 billion.
Corebridge Financial, Inc. Stock Down 0.1%
Shares recently traded around $34.41 as of October 19, which sits below its 52-week high of $35.64 and well above its 52-week low of $22.19. The recent price is up about 16.4% compared to its 200-day moving average of $29.57.
Recent Earnings
Corebridge Financial reported trailing-twelve-month revenue of $19.5 billion and earnings of $1.59 per share. The firm generated a net profit margin of 4.6% and a return on equity of 7.1%. The company is scheduled to release its next financial results on November 2, 2026.
Dividend
The company pays an annual dividend rate of $1.00 per share, giving it a dividend yield of 2.9%. Its dividend payout ratio stands at 61.6%.
Insider Buying and Selling at Corebridge Financial, Inc.
Nippon Life Insurance Co has been a frequent buyer of the stock throughout October, logging multiple planned transactions leading up to mid-month.
Analysts Set New Price Targets
Analysts remain mostly positive on the stock. UBS maintains a neutral stance with a $36 target, while Mizuho, Barclays, Wells Fargo, and Piper Sandler maintain overweight or outperform ratings with price targets reaching up to $40. The stock carries a consensus buy recommendation from 12 analyst opinions with a mean target price of $40.25.
About Corebridge Financial, Inc.
Corebridge Financial, Inc. offers a wide array of retirement solutions and insurance products across the United States. Through its various operating segments, the company provides fixed annuities, variable annuities, life insurance, and specialized institutional products to help clients plan for financial security.
Bottom Line
Nippon Life Insurance Co's ongoing purchases highlight continued accumulation by a major insider. Investors will watch for upcoming earnings results on November 2, 2026, to gauge the company's financial direction.
Related Filing Alerts
Source: Nippon Life Insurance Co's Form 4 filing on $CRBG (Oct 15, 2026). Written by software, not financial advice. How we make alerts