Nippon Life Insurance Purchases $7.39M in Corebridge Financial ($CRBG)
Corebridge Financial, Inc.
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Filing Summary
# Corebridge Financial, Inc. (CRBG) - Insider Transaction
**Insider:** Nippon Life Insurance Co
**Role:** 10% Owner
**Transaction Date:** September 15, 2026
**Action:** Buy (Code: P)
**Shares Transacted:** 210,903
**Price per Share:** $35.0199
**Total Value:** $7,385,801.97
**Post-Transaction Holdings:** 122,980,307 shares
*Note: Purchase executed pursuant to a Rule 10b5-1 trading plan adopted on August 7, 2026.*
Comprehensive Analysis
Insider Purchase Analysis: Corebridge Financial, Inc. (NYSE: CRBG)
Transaction Overview
On September 17, 2026, Nippon Life Insurance Co, a 10% beneficial owner of Corebridge Financial, Inc., filed a Form 4 detailing an open-market purchase of common stock. On September 15, 2026, Nippon Life acquired 210,903 shares at a weighted-average price of $35.0199 per share (with prices ranging between $34.76 and $35.38), representing a total investment of approximately $7.39 million.
Following the transaction, Nippon Life beneficially holds 122,980,307 shares, which includes 122,947,036 held directly and 33,271 shares held via its wholly owned subsidiary, Nissay Asset Management Corporation.
Key Considerations
- 10b5-1 Trading Plan: The transaction was executed under a pre-established Rule 10b5-1 trading plan adopted on August 7, 2026. While automated, large planned purchases by a strategic major shareholder demonstrate a continued capital commitment.
- Significance: Open-market acquisitions exceeding $7 million by a major institutional owner underscore Nippon Life's long-term strategic stake in Corebridge Financial.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.