Corebridge Financial (CRBG) 10% Owner Co Buys $4.9M of Stock
Nippon Life Insurance Co purchased 143,190 shares of Corebridge Financial at $34.49 each, totaling nearly $4.94 million.
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Nippon Life Insurance Co, 10% Owner at Corebridge Financial, Inc. ($CRBG), bought 143,190 shares at an average price of $34.49, worth about $4.94 million, on October 12, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $CRBG is down 0.4% to date (from the $34.58 close on Oct 12, 2026).
CRBG
Corebridge Financial, Inc.
Key Points
- On October 12, Nippon Life Insurance Co bought 143,190 shares of Corebridge Financial (CRBG) for about $4.94 million at a price of $34.49 each.
- Corebridge Financial's shares recently traded around $35.04, just above its 52-week low, and are set to report earnings on November 2, 2026.
- Analysts have maintained positive ratings, with Piper Sandler and Wells Fargo both reiterating their Overweight ratings and setting price targets at $40.
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Nippon Life Insurance Co bought 143,190 shares of Corebridge Financial, Inc. (CRBG) on October 12, 2026, for about $4.94 million. The purchase price was $34.49 per share, and this was a planned transaction, as Nippon Life is a 10% owner of the company.
Other Institutional Activity in Corebridge Financial
Nippon Life Insurance Company holds a substantial stake in Corebridge Financial, with 121,956,256 shares valued at approximately $4.2 billion. Blackstone Inc. also holds 61,962,123 shares worth about $2.13 billion. Pzena Investment Management LLC increased its position by 6,744,964 shares, bringing its total to 33,789,727 shares valued at roughly $1.16 billion. Additionally, Blackrock Inc. has 25,375,258 shares worth about $873.7 million, while Harris Associates L.P. holds 25,132,155 shares valued at around $865.3 million.
Corebridge Financial, Inc. Stock Up 1.8%
As of October 16, 2026, Corebridge Financial shares traded recently around $35.04. This is just above its 52-week low, making the recent purchase by Nippon Life Insurance Co a strategic move while the stock remains near the lower end of its trading range. The company is scheduled to report earnings on November 2, 2026.
Recent Earnings
Corebridge Financial reported trailing twelve-month revenue of about $19.5 billion, showing a year-over-year growth of 25.9%. The company has an EPS of $1.56, and its next earnings report will be on November 2, 2026.
Insider Buying and Selling at Corebridge Financial, Inc.
Several insiders bought shares on June 18, 2026, with Christopher Lynch, Keith Gubbay, Bousa Edward Peter, and Deborah Leone each purchasing 6,553 shares. These transactions were not planned and took place before Nippon Life's recent buy.
Analysts Set New Price Targets
On October 6, 2026, UBS maintained a Neutral rating on Corebridge Financial with a price target of $36. On October 7, Mizuho and Barclays both maintained their ratings, with targets of $40 and $39, respectively. On the same day as Nippon Life's purchase, Wells Fargo and Piper Sandler also maintained their Overweight ratings with price targets at $40.
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 and Life Insurance. The recent buy by Nippon Life Insurance Co reflects confidence in Corebridge's growth potential in the financial services sector.
Bottom Line
Investors should keep an eye on Corebridge Financial's upcoming earnings report on November 2, 2026, as well as any further updates from analysts following this recent insider activity. The continued support from major stakeholders like Nippon Life Insurance Co could indicate positive sentiment for the firm moving forward.
Related Filing Alerts
Source: Nippon Life Insurance Co's Form 4 filing on $CRBG (Oct 12, 2026). Find the original filing: CRBG Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts