Corebridge Financial (CRBG) 10% Owner Co Buys $20M of Stock
Key Points
- Nippon Life Insurance Co increased its stake in Corebridge Financial by buying 595,609 shares at an average price of $33.97, raising its total ownership to about 131.3 million shares.
- After the trade, Nippon Life Insurance Co holds 131,262,715 $CRBG shares, up 0.46% from before the trade.
- The stock closed at $34.13 on October 23, 2026, and has recently traded around $34.66, which is up about 1.6% since that close.
- Corebridge Financial has a market cap of approximately $15.76 billion and a forward P/E ratio of 6.17, indicating strong growth potential.
Since the trade, $CRBG is up 3.6% to date (from the $34.13 close on Oct 23, 2026).
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Nippon Life Insurance Co purchased 595,609 shares of Corebridge Financial, Inc. (CRBG) on October 23, 2026, for about $20.23 million. This transaction was reported in a Form 4 filing with the SEC. Following this purchase, Nippon Life now holds approximately 131.3 million shares of Corebridge, reflecting a 0.46% increase in its ownership.
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
Other major shareholders in Corebridge Financial include Nippon Life Insurance Company, which holds about 121.96 million shares valued at approximately $4.31 billion, and Blackstone Inc, with 61.96 million shares worth about $2.19 billion. Pzena Investment Management LLC saw a 24.9% increase, acquiring an additional 6.74 million shares, bringing its total to about 33.79 million shares valued at $1.19 billion. Harris Associates L.P. also added shares, increasing its stake by 0.7% to about 25.13 million shares valued at $888.67 million. Hotchkis & Wiley Capital Management increased its holdings by 28.2%, now owning about 11.64 million shares worth around $411.75 million.
Corebridge Financial, Inc. Stock Holds Steady
On October 23, 2026, Corebridge Financial closed at $34.13, and as of October 27, it was recently trading around $34.66, which is about 1.6% higher than the event close. The stock remains above its 200-day moving average by 16.6% and is currently 56.2% above its 52-week low of $22.19, showing resilience in a fluctuating market.
Recent Earnings
Corebridge Financial reported trailing twelve-month revenue of about $19.52 billion, with an annual revenue growth of 25.9%. The company has a net margin of 4.6% and a return on equity of 7.1%. Its next earnings report is scheduled for November 2, 2026.
Dividend
Corebridge Financial pays an annual dividend of $1.00 per share, which gives it a yield of 2.89%. The company's dividend payout ratio stands at 61.6%, reflecting a balanced approach to returning value to shareholders while maintaining growth.
Insider Buying and Selling at Corebridge Financial, Inc.
In the days leading up to this purchase, Nippon Life Insurance Co also made several other buys. On October 19, it acquired 162,024 shares at an average price of $34.51, followed by purchases of 193,357 shares on October 20 at $35.01, 217,182 shares on October 21 at $35.38, and 246,440 shares on October 22 at $35.15. These transactions were all part of planned purchases under a Rule 10b5-1 plan.
Analysts Set New Price Targets
On October 7, 2026, Mizuho maintained its rating of "Outperform" with a price target of $40.00, while Barclays also maintained an "Overweight" rating with a target of $39.00. Wells Fargo and Piper Sandler both kept their "Overweight" ratings with targets of $40.00. TD Cowen maintained a "Buy" rating with a target of $40.00 on October 21, 2026. The average price target from analysts is $40.42, suggesting potential upside from the recent trading levels.
About Corebridge Financial
Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. The company operates through various segments, including Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets. This focus on diverse financial products positions Corebridge well in the growing financial services sector.
Bottom Line
As Nippon Life Insurance Co continues to increase its stake in Corebridge Financial, investors should keep an eye on the upcoming earnings report on November 2, 2026, and further insider transactions. The company's solid revenue growth and dividend yield also make it a noteworthy player in the financial services industry.
Related Filing Alerts
Source: Nippon Life Insurance Co's Form 4 filing on $CRBG (Oct 23, 2026). Written by software, not financial advice. How we make alerts