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10% Owner Nippon Life Buys $10.19M in Corebridge Financial ($CRBG)
Corebridge Financial, Inc.
$CRBD4CIK: 0001889539
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Filing Summary
# Insider Trade Alert: Corebridge Financial, Inc. ($CRBG)
**Insider:** NIPPON LIFE INSURANCE CO (10% Owner)
**Type:** Purchase
**Shares Acquired:** 296,868
**Average Price:** $34.31
**Total Value:** $10,185,396.58
**Shares Held After:** 124,116,881
**Transaction Date:** September 22, 2026
**Filing Date:** September 24, 2026
Comprehensive Analysis
Insider Transaction Overview
On September 24, 2026, Nippon Life Insurance Co, a 10% beneficial owner of Corebridge Financial, Inc. ($CRBG), filed a Form 4 reporting open-market purchases of common stock executed on September 22, 2026.
Transaction Summary
- Security: Common Stock
- Transaction Type: Open-market purchase (Code P)
- Shares Purchased: 296,868 shares across two transactions:
- 296,668 shares at a weighted average price of $34.3091 (range: $33.89 to $34.86)
- 200 shares at $34.92
- Total Capital Invested: ~$10,185,396.58
- Post-Transaction Holdings: 124,116,881 shares (including 33,271 shares held indirectly via subsidiary Nissay Asset Management Corporation)
Strategic Context & Significance
- Pre-Arranged Trading Plan: The transactions were effected under a Rule 10b5-1 trading plan established on August 7, 2026, indicating systematic accumulation.
- Large Capital Outlay: A purchase exceeding $10 million reinforces Nippon Life's long-term commitment and strategic stake in Corebridge Financial.
- Trading Significance: Rated High given the multimillion-dollar transaction size and continued capital deployment by the company's major strategic shareholder.
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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.
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