Corebridge Financial (CRBG) 10% Owner Co Buys $6.8M of Stock
Key Points
- Ten percent owner Nippon Life Insurance Co bought 193,357 shares of Corebridge Financial, Inc. on October 20, 2026, paying an average price of $35.01 per share for a total value of roughly $6.77 million.
- After the trade, Nippon Life Insurance Co holds 130,203,484 $CRBG shares, up 0.15% from before the trade.
- Corebridge Financial shares recently traded around $35.30 as the company prepares to release its next financial results on November 2, 2026.
- Wall Street analysts hold a consensus buy rating on Corebridge stock with a mean price target of $40.25.
Since the trade, $CRBG is up 1.2% to date (from the $34.95 close on Oct 20, 2026).
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Major shareholder Nippon Life Insurance Co purchased 193,357 shares of Corebridge Financial, Inc. (NYSE: CRBG) on October 20, 2026. According to a Form 4 filed with the SEC, the shares were acquired at an average price of $35.01 for a total value of about $6.77 million. The transaction was carried out under a pre-arranged trading plan.
CRBG
Corebridge Financial, Inc.
Nippon Life Insurance Co vs. the S&P 500
Hypothetical returns from Nippon Life Insurance Co's disclosed trades, not real profit or advice. How we model this.
Inside Nippon Life Insurance Co's Corebridge Trade
Nippon Life Insurance Co added to its holdings in Corebridge Financial through a planned purchase of 193,357 shares on October 20, 2026. The stock closed at $34.95 on the day of the trade. Following this purchase, the 10% owner holds a total of 130,203,484 shares, representing a change of about 0.15% in its position.
Other Institutional Activity in Corebridge Financial
Other large institutional holders have also adjusted their positions in the company. Pzena Investment Management LLC grew its holdings by 6,744,964 shares, ending with 33,789,727 shares worth about $1.20 billion. Harris Associates L.P. grew its holdings by 167,265 shares, ending with 25,132,155 shares worth about $894.45 million. Hotchkis & Wiley Capital Management, LLC grew its holdings by 2,564,258 shares, ending with 11,444,490 shares worth about $414.43 million. Meanwhile, Nippon Life Insurance Company and Blackstone Inc kept their shares unchanged, holding 121,956,256 and 61,962,123 shares respectively as of June 30, 2026.
Corebridge Financial, Inc. Stock Up 3.4%
Corebridge Financial shares recently traded around $35.30 as of October 22, 2026.
Recent Earnings
Corebridge Financial reported trailing twelve month revenue of $19.52 billion and earnings of $1.59 per share, with its next earnings release scheduled for November 2, 2026.
Dividend
Corebridge Financial pays an annual dividend of $1.00 per share, yielding 2.91%.
Insider Buying and Selling at Corebridge Financial, Inc.
This purchase follows a series of recent acquisitions by Nippon Life Insurance Co. Earlier, the 10% owner bought 602,103 shares on October 14, 2026, at an average price of $34.03 for $20.49 million, followed by 510,873 shares on October 15, 2026, at an average price of $33.43 for $17.08 million, 347,195 shares on October 16, 2026, at an average price of $34.71 for $12.05 million, and 162,024 shares on October 19, 2026, at an average price of $34.51 for $5.59 million.
Analysts Set New Price Targets
Wall Street maintains a consensus buy rating on the stock with a mean price target of $40.25.
About Corebridge Financial
Corebridge Financial provides retirement solutions and insurance products across the United States. The company helps individuals and institutions plan for their financial futures through a range of retirement, life insurance, and investment products.
Bottom Line
Investors will look to the upcoming earnings report on November 2, 2026, for further details on the company's financial performance. Monitoring further Form 4 filings will also show whether major institutional stakeholders continue to adjust their positions.
Related Filing Alerts
Source: Nippon Life Insurance Co's Form 4 filing on $CRBG (Oct 20, 2026). Written by software, not financial advice. How we make alerts