Corebridge Financial (CRBG) 10% Owner Co Buys $12M of Stock

Major shareholder Nippon Life Insurance Co purchased 347,195 shares of Corebridge Financial, Inc. (CRBG) on October 16, 2026. According to a Form 4 filing with the Securities and Exchange Commission, the shares were acquired at an average price of $34.71, totaling approximately $12.05 million. Following this pre-planned transaction under a Rule 10b5-1 plan, the 10% owner holds 129,848,103 shares, representing about a 0.27% increase in its stake.

CRBG Corebridge Financial, Inc.

$34.85 ▲ +17.82% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Inside Nippon Life Insurance Co's Corebridge Trade

The acquisition on October 16, 2026, involved 347,195 shares priced at $34.71 each, coming in just below the stock's closing price of $34.43 on the day of the trade. This transaction adds to a series of purchases made by the major shareholder during October, continuing a trend of steady accumulation.

Other Institutional Activity in Corebridge Financial

Other large funds hold substantial positions in Corebridge Financial. Nippon Life Insurance Company held 121,956,256 shares worth about $4.26 billion as of June 30, 2026. Blackstone Inc owned 61,962,123 shares valued at roughly $2.17 billion. Pzena Investment Management LLC grew its holdings by 6,744,964 shares, ending with 33,789,727 shares worth about $1.18 billion, a 24.9% increase. Harris Associates L.P. grew its holdings by 167,265 shares, ending with 25,132,155 shares worth about $878.4 million, a 0.7% increase. Hotchkis & Wiley Capital Management, LLC grew its holdings by 2,564,258 shares, ending with 11,644,490 shares worth about $407.0 million, a 28.2% increase.

Corebridge Financial, Inc. Stock Up 1.6%

Corebridge Financial recently traded around $34.95 as of October 20, 2026, sitting 1.5% above its closing price on the transaction date. The stock trades above its 50-day moving average of $33.84 and well above its 200-day moving average of $29.62. The shares rest 1.9% below their 52-week high of $35.64 and 57.5% above their 52-week low of $22.19. The mean analyst price target of $40.25 puts the recent price about 13.2% below consensus expectations.

Recent Earnings

Corebridge Financial reported trailing twelve-month revenue of $19.52 billion and earnings of $1.59 per share. The company posted a net profit margin of 4.6% and a return on equity of 7.1%, alongside year-over-year revenue growth of 25.9%. The next earnings release is scheduled for November 2, 2026.

Dividend

Corebridge Financial pays an annual dividend of $1.00 per share, yielding 2.91% based on recent trading levels. The payout ratio sits at 61.6% of earnings.

Insider Buying and Selling at Corebridge Financial, Inc.

Earlier in October, Nippon Life Insurance Co made several planned purchases. On October 12, 2026, the 10% owner bought 143,190 shares at $34.49 for $4.94 million. On October 13, 2026, it added 253,776 shares at $34.68 for $8.80 million. On October 14, 2026, the firm bought 602,103 shares at $34.03 for $20.49 million. On October 15, 2026, it acquired another 510,873 shares at $33.43 for $17.08 million.

Analysts Set New Price Targets

Wall Street firms updated their views on Corebridge Financial during October 2026. On October 6, 2026, UBS maintained its Neutral rating and lifted its price target from $32.00 to $36.00. On October 7, 2026, Mizuho maintained an Outperform rating and raised its target from $38.00 to $40.00. On October 7, 2026, Barclays maintained an Overweight rating while boosting its target from $33.00 to $39.00. On October 12, 2026, Wells Fargo kept an Overweight rating and moved its target from $39.00 to $40.00. On October 12, 2026, Piper Sandler maintained an Overweight rating and raised its target from $38.00 to $40.00. Overall analyst consensus stands at a buy rating, with a mean price target of $40.25 across 12 opinions.

About Corebridge Financial, Inc.

Corebridge Financial, Inc. provides retirement solutions and insurance products across the United States. The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments, offering various fixed, variable, and index-linked annuities.

Bottom Line

Nippon Life Insurance Co continues to expand its significant equity stake in Corebridge Financial through a series of structured market purchases. Investors will look toward the company's upcoming earnings report on November 2, 2026, for further updates on financial performance.