Corebridge Financial (CRBG) 10% Owner Co Buys $8.7M of Stock
Key Points
- Nippon Life Insurance Co's recent purchase increased its stake to about 130.67 million shares, a 0.19% rise in ownership.
- After the trade, Nippon Life Insurance Co holds 130,667,106 $CRBG shares, up 0.19% from before the trade.
- Corebridge Financial's stock recently traded around $34.66, down 2.6% from its closing price of $35.59 on the trade date.
- Analysts maintain a positive outlook on Corebridge Financial, with a consensus price target of $40.42.
Since the trade, $CRBG is down 2.6% to date (from the $35.59 close on Oct 22, 2026).
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On October 22, 2026, Nippon Life Insurance Co bought 246,440 shares of Corebridge Financial, Inc. (CRBG) for about $8.66 million, according to a Form 4 filing with the SEC. This purchase raises Nippon Life's total holdings in the company to approximately 130.67 million shares, reflecting a 0.19% increase in their ownership.
Nippon Life Insurance Co has been actively increasing its stake in Corebridge Financial in recent days. Just prior to this purchase, the firm bought 217,182 shares on October 21 and 193,357 shares on October 20, totaling about $7.68 million and $6.77 million, respectively. These transactions suggest a strong commitment to the company from this major shareholder.
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.
Other Institutional Activity in Corebridge Financial
Several other institutional investors hold significant stakes in Corebridge Financial. Nippon Life Insurance Company maintains 121.96 million shares worth about $4.23 billion. Blackstone Inc holds 61.96 million shares valued at around $2.15 billion. Pzena Investment Management LLC saw a 24.9% increase, now owning 33.79 million shares worth about $1.17 billion. Additionally, Harris Associates L.P. and Hotchkis & Wiley Capital Management, LLC have 25.13 million and 11.64 million shares, respectively, valued at $871.1 million and $403.6 million.
Corebridge Financial, Inc. Stock Down 2.6%
Corebridge Financial's stock closed at $35.59 on October 22, 2026, but recently traded around $34.66, which is about 2.6% below its closing price. The stock is currently above its 50-day moving average by 2.2% and well above its 52-week low of $22.19, showing a 56.2% increase from that low. However, it is still below its 52-week high of $35.64.
Recent Earnings
Corebridge Financial reported a trailing twelve-month revenue of approximately $19.52 billion and earnings per share (EPS) of $1.59. The company is scheduled to release its next earnings report on November 2, 2026.
Dividend
Corebridge Financial pays an annual dividend of $1.00 per share, which translates to a yield of 2.93%. The company has a dividend payout ratio of 61.6%.
Analysts Set New Price Targets
On October 21, 2026, TD Cowen maintained its Buy rating on Corebridge Financial with a price target of $40.00, up from a prior target of $38.00. Mizuho, Barclays, and Wells Fargo also maintain positive ratings, with targets of $40.00 and $39.00.
About Corebridge Financial
Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. The company operates in various segments, including Individual Retirement and Life Insurance. Its recent share purchases by major investors reflect confidence in its business model and growth potential.
Bottom Line
Nippon Life's ongoing investment in Corebridge Financial highlights its belief in the company's future. Keep an eye on upcoming earnings on November 2, 2026, for more insights into its performance and any further changes in institutional holdings.
Related Filing Alerts
Source: Nippon Life Insurance Co's Form 4 filing on $CRBG (Oct 22, 2026). Written by software, not financial advice. How we make alerts