Nippon Life Insurance Buys $7.3M of Corebridge Financial Stock
Corebridge Financial, Inc.
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Filing Summary
+ INSIDER BUY: Corebridge Financial, Inc. (CRBG)
+ Insider: NIPPON LIFE INSURANCE CO (10% Owner)
+ Shares Bought: 216,818 @ $33.67
+ Total Transaction Value: ~$7,300,933
+ Total Beneficial Ownership: 125,796,472 shares
- Note: Executed via Rule 10b5-1 trading plan adopted August 7, 2026
Comprehensive Analysis
Overview
On October 1, 2026, Nippon Life Insurance Co, a 10% beneficial owner of Corebridge Financial, Inc. (CRBG), reported the purchase of 216,818 shares of Common Stock on September 29, 2026. The shares were bought at a weighted average price of $33.6731 (range: $33.44 – $33.98), amounting to a total investment of approximately $7.30 million.
Transaction Details
- Security: Common Stock
- Transaction Code: P (Open-market purchase)
- Shares Acquired: 216,818
- Average Price: $33.6731
- Total Capital Deployed: $7,300,933.20
- Post-Transaction Holdings: 125,796,472 shares (including 125,763,201 held directly and 33,271 held through subsidiary Nissay Asset Management Corporation)
Trading Plan Context
The transaction was executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on August 7, 2026. While the dollar amount is significant, the purchase represents a modest incremental addition (~0.17%) to Nippon Life's extensive existing position of over 125 million shares.
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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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