Nippon Life Insurance Purchases $11.2M of Corebridge Financial Stock
Corebridge Financial, Inc.
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Filing Summary
Corebridge Financial, Inc. (CRBG) - Form 4 Filing Update
Insider: NIPPON LIFE INSURANCE CO (10% Owner) Action: Open-Market Purchase (Rule 10b5-1) Shares Bought: 320,785 @ $35.02 Transaction Value: ~$11,232,965 Post-Transaction Holdings: 123,301,092 shares Significance: High
Comprehensive Analysis
Executive Summary
On September 18, 2026, Nippon Life Insurance Company, a 10% beneficial owner of Corebridge Financial, Inc. (CRBG), filed a Form 4 reporting an open-market acquisition of 320,785 shares of Common Stock on September 16, 2026. The shares were purchased at a weighted average price of $35.0171 per share, resulting in a total investment value of approximately $11.23 million.
Transaction Details
- Date of Transaction: September 16, 2026
- Security: Common Stock
- Transaction Code: P (Open-market or private purchase)
- Shares Acquired: 320,785
- Weighted Average Price: $35.0171 (ranging between $34.57 and $35.42)
- Total Consideration: $11,232,965.42
- Shares Held Post-Transaction: 123,301,092 (including 123,267,821 held directly and 33,271 shares held via Nissay Asset Management Corporation)
Plan and Trading Context
Footnote disclosures indicate that the transaction was executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on August 7, 2026. The purchase expands Nippon Life's substantial equity position in Corebridge Financial, reflecting continued institutional accumulation.
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