Piper Sandler Raises CRBG Price Target to $40

Piper Sandler has reaffirmed its Overweight rating on Corebridge Financial, raising the price target to $40, a 14.16% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:25 PM EDT

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Piper Sandler raised its price target on Corebridge Financial, Inc. ($CRBG) to $40 from $38 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $CRBG is down 0.4% to date (from the $34.58 close on Oct 12, 2026).

CRBG Corebridge Financial, Inc.

$34.43 +16.40% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Piper Sandler reiterated its Overweight rating on Corebridge Financial, Inc. with a new price target of $40, up from $38.
Piper Sandler's $40 price target implies 14.16% upside from Corebridge Financial, Inc.'s ($CRBG) current $35.04 share price.
As of October 16, 2026, Corebridge Financial's stock was recently traded around $35.04, which is about 12.4% below the analyst's target.
Corebridge Financial has a trailing twelve-month revenue of approximately $19.5 billion and a dividend rate of $1.00 per share.

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Piper Sandler has reaffirmed its Overweight rating on Corebridge Financial, Inc. (NYSE: CRBG) and raised the price target to $40 from $38 on October 12, 2026. This marks a positive shift in the firm's outlook for the company.

Other Institutional Activity in Corebridge Financial

Several other institutional investors have shown interest in Corebridge Financial recently. Nippon Life Insurance Company holds 121,956,256 shares valued at about $4.2 billion. Blackstone Inc. has 61,962,123 shares worth approximately $2.1 billion. Pzena Investment Management LLC increased its holdings by 6,744,964 shares, totaling 33,789,727 shares valued at around $1.2 billion. Blackrock Inc. holds 25,375,258 shares valued at about $873 million, while Harris Associates L.P. has 25,132,155 shares worth around $865 million.

Corebridge Financial, Inc. Stock Up 1.8%

Corebridge Financial's stock was recently trading around $35.04 as of October 16, 2026. This price is about 12.4% below Piper Sandler's new target of $40, suggesting potential upside if the stock moves closer to that target.

12-month forecast

$CRBG price target

Corebridge Financial, Inc. daily closes and this analyst's $40 target. Not advice.

Recent Earnings

Corebridge Financial reported trailing twelve-month revenue of approximately $19.5 billion, with a net margin of 4.6% and a return on equity of 7.1%. The next earnings report is scheduled for November 2, 2026.

Dividend

Corebridge Financial pays an annual dividend of $1.00 per share, resulting in a payout ratio of 62.8%.

Insider Buying and Selling at Corebridge Financial, Inc.

Nippon Life Insurance Company, which owns more than 10% of Corebridge's shares, has been active in buying. On October 5, 2026, it purchased 65,711 shares at an average price of $34.75, totaling approximately $2.3 million. The following day, it bought another 116,345 shares at $35.23 for about $4.1 million. On October 8, it acquired 261,198 shares at $34.30, valued at about $8.96 million.

Analysts Set New Price Targets

On October 12, 2026, Piper Sandler reiterated its Overweight rating on Corebridge Financial with a new price target of $40. The firm noted the change in its target price from $38. Similarly, Wells Fargo maintained its Overweight rating on the same day, also setting a target of $40. Earlier, Mizuho had maintained an Outperform rating with a target of $40, and Barclays set its target at $39.

About Corebridge Financial

Corebridge Financial, Inc. provides retirement solutions and insurance products in the U.S. It operates in various segments, including Individual Retirement and Life Insurance. The company’s focus on these areas is crucial as it navigates the financial landscape.

Bottom Line

Investors should keep an eye on Corebridge Financial's upcoming earnings report on November 2, 2026, and watch for any further developments in analyst ratings and insider trades.