Nippon Life Insurance Purchases $7.68M in Corebridge Financial ($CRBG)
Corebridge Financial, Inc.
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Filing Summary
# Insider Trade Alert: Corebridge Financial, Inc. ($CRBG)
**Insider:** NIPPON LIFE INSURANCE CO (10% Owner)
**Transaction Date:** October 21, 2026
**Action:** Buy (Open Market)
**Shares Transacted:** 217,182 @ $35.38
**Total Value:** $7,684,333.52
**Post-Transaction Holdings:** 130,420,666 shares
**Significance:** High (Substantial $7.7M acquisition under 10b5-1 plan)
Comprehensive Analysis
Transaction Overview
On October 21, 2026, Nippon Life Insurance Co, a 10% beneficial owner of Corebridge Financial, Inc. ($CRBG), executed an open-market purchase of 217,182 shares of Common Stock at a weighted average price of $35.3820 per share (ranging from $35.12 to $35.58). The total transaction value was approximately $7.68 million.
Strategic Context & Pre-Scheduled Plan
- 10b5-1 Trading Plan: The transaction was conducted pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on August 7, 2026.
- Ownership Scale: Following the transaction, Nippon Life beneficially owns 130,420,666 shares of Corebridge Financial. This includes 130,387,395 shares held directly by Nippon Life and 33,271 shares held by its direct wholly owned subsidiary, Nissay Asset Management Corporation.
Significance & Market Impact
Open-market purchases exceeding $7.5 million by a strategic, anchor 10% institutional shareholder demonstrate strong ongoing capital commitment to Corebridge Financial, reinforcing the long-term strategic partnership between the two life insurance and retirement leaders.
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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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