Corebridge Financial (NYSE:CRBG) Sets New 1-Year High Following Insider Buying Activity

Key Points

• Corebridge Financial shares hit a new 52-week high of $36.00 after major shareholder Nippon Life purchased more than 670,000 shares across three transactions valued at approximately $23.7 million.
• Analysts maintain a positive outlook, with ten Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $39.00.
• Third-quarter EPS rose to $1.22 from $0.96 year over year, but revenue fell 20% to $4.50 billion and missed estimates, while premiums and deposits also declined sharply.

Shares of Corebridge Financial, Inc. (NYSE:CRBG - Get Free Report) reached a new 52-week high during trading on Tuesday following insider buying activity. The company traded as high as $36.00 and last traded at $36.0580, with a volume of 294,196 shares traded. The stock had previously closed at $35.04.

Specifically, major shareholder Life Insurance Co Nippon bought 246,521 shares of the firm's stock in a transaction on Thursday, October 29th. The shares were bought at an average price of $35.50 per share, with a total value of $8,751,495.50. Following the completion of the transaction, the insider directly owned 132,116,089 shares of the company's stock, valued at $4,690,121,159.50. This represents a 0.19% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Life Insurance Co Nippon purchased 245,898 shares of Corebridge Financial stock in a transaction dated Wednesday, October 28th. The stock was bought at an average cost of $35.26 per share, for a total transaction of $8,670,363.48. Following the completion of the purchase, the insider directly owned 131,869,568 shares in the company, valued at approximately $4,649,720,967.68. This trade represents a 0.19% increase in their position. The SEC filing for this purchase provides additional information. In related news, major shareholder Life Insurance Co Nippon acquired 178,129 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was purchased at an average price of $35.14 per share, with a total value of $6,259,453.06. Following the transaction, the insider owned 131,623,670 shares of the company's stock, valued at approximately $4,625,255,763.80. This trade represents a 0.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group boosted their target price on Corebridge Financial from $32.00 to $36.00 and gave the company a "neutral" rating in a research report on Tuesday, October 6th. TD Cowen lifted their price objective on Corebridge Financial from $38.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. Piper Sandler boosted their price objective on Corebridge Financial from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, October 12th. Jefferies Financial Group boosted their price objective on Corebridge Financial from $43.00 to $45.00 and gave the company a "buy" rating in a report on Friday, July 10th. Finally, Weiss Ratings raised Corebridge Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Corebridge Financial has an average rating of "Moderate Buy" and an average price target of $39.00.

More Corebridge Financial News

Here are the key news stories impacting Corebridge Financial this week:

• Positive Sentiment: Corebridge reported third-quarter EPS of $1.22, up from $0.96 a year earlier and essentially in line with consensus estimates. The earnings growth supports the company’s resilient profitability story. Corebridge Financial Meets Q3 Earnings Estimates
• Positive Sentiment: Life Insurance Co. Nippon purchased another 246,521 CRBG shares for approximately $8.75 million at an average price of $35.50. The purchase increased its stake to roughly 132.1 million shares and follows a series of additional acquisitions, potentially signaling confidence from a large, long-term shareholder. Corebridge Major Shareholder Acquires Shares
• Positive Sentiment: Management said Corebridge delivered its strongest annuity sales of the year and continued to build momentum in advisory services, while emphasizing its diversified business model and disciplined capital allocation. Corebridge Financial Announces Third Quarter 2026 Results
• Neutral Sentiment: Profitability remained solid, with a 17.37% return on equity and a 4.37% net margin. The stock was trading near its 52-week high, which reflects strong recent momentum but may also increase sensitivity to disappointing operating trends. Corebridge Financial Stock and Earnings Data
• Negative Sentiment: Revenue totaled $4.50 billion, well below the $5.36 billion analyst estimate and down 20% year over year. A separate report indicated premiums and deposits fell approximately 29%, raising concerns about weaker sales and future growth despite higher EPS. Corebridge Q3 EPS Beat Hides Drop in Premiums and Deposits

Corebridge Financial Stock Performance

The stock has a market capitalization of $16.06 billion, a PE ratio of 21.07, a P/E/G ratio of 0.50 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.12 and a current ratio of 0.12. The firm's 50 day moving average is $34.19 and its two-hundred day moving average is $29.87.

Corebridge Financial (NYSE:CRBG - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.01). The business had revenue of $4.50 billion during the quarter, compared to analysts' expectations of $5.36 billion. Corebridge Financial had a net margin of 4.37% and a return on equity of 17.37%. The business's quarterly revenue was down 20.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. As a group, research analysts predict that Corebridge Financial, Inc. will post 4.59 earnings per share for the current year.

Institutional Trading of Corebridge Financial

Several hedge funds have recently modified their holdings of CRBG. Pzena Investment Management LLC acquired a new position in shares of Corebridge Financial during the 2nd quarter worth about $967,400,000. BlackRock Inc. acquired a new stake in shares of Corebridge Financial during the 2nd quarter worth about $726,494,000. Donald Smith & CO. Inc. acquired a new stake in shares of Corebridge Financial during the 2nd quarter worth about $168,134,000. Davis Asset Management L.P. acquired a new stake in shares of Corebridge Financial during the 2nd quarter worth about $166,054,000. Finally, Wellington Management Group LLP purchased a new stake in Corebridge Financial during the second quarter worth approximately $99,469,000. 98.25% of the stock is currently owned by institutional investors and hedge funds.

About Corebridge Financial

Corebridge Financial, Inc NYSE: CRBG is a provider of retirement solutions and insurance products in the United States. The company serves individuals, employers and institutions through offerings designed to support retirement savings, income planning and financial protection.

Its products and services include individual and group retirement plans, annuities, life insurance and institutional retirement solutions. Corebridge also provides investment and administrative services associated with retirement plans, helping employers and employees manage long-term savings and retirement income needs.

Corebridge was established through the separation of American International Group's (AIG) Life and Retirement business and began operating as an independent publicly traded company in 2022.

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