TD Cowen Raises Corebridge Financial (CRBG) Price Target to $40

TD Cowen's Call on Corebridge Financial, Inc.

On October 21, 2026, TD Cowen maintained its Buy rating on Corebridge Financial, Inc. (NYSE: CRBG) while lifting its price target from $38.00 to $40.00. The research note arrived as part of a busy reporting stretch for the firm, which also issued target adjustments across several other sectors on the same date.

CRBG Corebridge Financial, Inc.

$35.42 ▲ +19.74% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Other Institutional Activity in Corebridge Financial, Inc.

Nippon Life Insurance Company held a massive stake of 121,956,256 shares valued at about $4.28 billion as of June 30, 2026, leaving its position unchanged. Blackstone Inc owned 61,962,123 shares worth roughly $2.17 billion. Pzena Investment Management LLC grew its holdings by 6,744,964 shares, a 24.9% increase, ending with 33,789,727 shares worth about $1.19 billion. Harris Associates L.P. grew its holdings by 167,265 shares, ending with 25,132,155 shares worth about $881.5 million. Hotchkis & Wiley Capital Management, LLC grew its holdings by 2,564,258 shares, a 28.2% increase, ending with 11,644,490 shares worth about $408.4 million.

Corebridge Financial, Inc. Stock Up 2.6%

Shares recently traded around $35.30 as of October 22, 2026, matching the closing price of $35.30 recorded on the October 21 event date. The stock trades near the top of its 52-week range, sitting just under the peak of $35.64 and well above its low of $22.19. The recent price also stands 4.3% above its 50-day moving average of $33.84 and 19.2% above its 200-day moving average of $29.62.

Recent Earnings

Corebridge Financial reported trailing twelve month revenue of $19.52 billion and earnings of $1.59 per share. The company's next earnings report is scheduled for November 2, 2026.

Dividend

Corebridge Financial pays an annual dividend rate of $1.00 per share, yielding 2.91% based on recent trading levels.

Insider Buying and Selling at Corebridge Financial, Inc.

Nippon Life Insurance Company bought shares in multiple transactions prior to the rating update, including 510,873 shares valued at about $17.1 million on October 15, 2026, and 347,195 shares at an average price of $34.71 for a total value of $12.1 million on October 16, 2026. The major shareholder also purchased 162,024 shares at an average price of $34.51 for a total value of $5.6 million on October 19, 2026, through a planned transaction, alongside a separate non-planned purchase of 162,024 shares at $34.51 on the same day.

Analysts Set New Price Targets

Earlier in October, Mizuho maintained an Outperform rating with a price target of $40.00 on October 7, moving up from $38.00. Barclays maintained an Overweight rating on October 7 and lifted its target to $39.00 from $33.00. Wells Fargo maintained an Overweight rating on October 12, raising its target from $39.00 to $40.00, and Piper Sandler maintained an Overweight rating on the same day with a target moved to $40.00 from $38.00. Overall, the stock carries a consensus buy rating from 12 analysts with a mean price target of $40.25.

About Corebridge Financial, Inc.

Corebridge Financial, Inc. operates within the financial sector, focusing on retirement services and insurance offerings across the United States. The enterprise structures its operations around individual retirement plans, group annuities, life insurance policies, and institutional markets. Financial institutions and individual investors utilize these products to manage long-term savings and risk.

Bottom Line

TD Cowen's updated target aligns with a broader group of bullish forecasts from Wall Street analysts covering the firm. Investors will look toward the upcoming earnings release on November 2, 2026, for fresh details on operational performance and financial health.