Corebridge Financial (CRBG) 10% Owner Co Buys $8.8M of Stock
Nippon Life Insurance Co has increased its holdings in Corebridge Financial by purchasing 253,776 shares valued at approximately $8.8 million.
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Nippon Life Insurance Co, 10% Owner at Corebridge Financial, Inc. ($CRBG), bought 253,776 shares at an average price of $34.68, worth about $8.80 million, on October 13, 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 up 0.1% to date (from the $34.40 close on Oct 13, 2026).
CRBG
Corebridge Financial, Inc.
Key Points
- On October 13, 2026, Nippon Life Insurance Co bought 253,776 shares of Corebridge Financial at an average price of $34.68, totaling about $8.8 million.
- Corebridge Financial's shares recently traded around $35.04 as of October 16, 2026, positioning the stock near its recent highs.
- Analysts have maintained positive ratings with price targets ranging from $36 to $40, showing confidence in Corebridge's performance.
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Nippon Life Insurance Co has increased its stake in Corebridge Financial, Inc. (NYSE: CRBG) by purchasing 253,776 shares on October 13, 2026. The shares were bought at an average price of $34.68, bringing the total value of the transaction to approximately $8.8 million. This move reflects Nippon Life's ongoing commitment to the company as a significant 10% owner.
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
Nippon Life Insurance Co is not alone in its investment in Corebridge. Blackrock Inc. holds 25,375,258 shares valued at about $873.7 million, while Pzena Investment Management LLC has 33,789,727 shares worth around $1.16 billion after increasing its holdings by 6,744,964 shares, a 24.9% increase. Harris Associates L.P. also maintains a position with 25,132,155 shares valued at approximately $865.3 million.
Corebridge Financial, Inc. Stock Up 1.8%
Corebridge Financial's shares recently traded around $35.04 as of October 16, 2026. This price is notable as it positions the stock near its recent highs and indicates strong interest from investors. The company's upcoming earnings report on November 2, 2026, could further influence its stock performance.
Recent Earnings
Corebridge Financial reported trailing twelve-month revenue of approximately $19.5 billion. The company also achieved earnings per share of $1.56, reflecting a strong financial position. With a revenue growth rate of 25.9%, Corebridge is showing solid performance leading into its next earnings date.
Insider Buying and Selling at Corebridge Financial, Inc.
On October 13, 2026, Nippon Life Insurance Co, serving as a 10% owner, bought 253,776 shares of Corebridge Financial at an average price of $34.68, totaling about $8.8 million. This purchase was part of a planned transaction, indicating a strategic move to bolster its investment in the company.
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 also maintained an Outperform rating, raising its target to $40. Barclays followed suit on the same day, maintaining its Overweight rating with a target of $39. Most recently, Wells Fargo and Piper Sandler both reiterated their Overweight ratings with targets of $40, showing a consensus among analysts for a positive outlook on Corebridge.
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. Its recent activities, including the share purchase by Nippon Life, highlight its significance in the financial services sector.
Bottom Line
Investors should watch for Corebridge Financial's upcoming earnings report on November 2, 2026, as well as any further filings from major stakeholders like Nippon Life Insurance Co. This recent purchase may signal continued confidence in Corebridge's growth potential.
Related Filing Alerts
Source: Nippon Life Insurance Co's Form 4 filing on $CRBG (Oct 13, 2026). Find the original filing: CRBG Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts