Nippon Life Insurance Buys $6.26M in Corebridge Financial (CRBG)
Corebridge Financial, Inc.
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Filing Summary
Corebridge Financial, Inc. ($CRBG) Form 4 Alert Insider: NIPPON LIFE INSURANCE CO (10% Owner) Action: Buy (Code: P) Shares Transacted: 178,129 @ $35.14 (Weighted Avg) Total Value: $6,259,185.87 Shares Held After: 131,623,670 Rule 10b5-1 Plan: Yes (Adopted August 7, 2026)
Comprehensive Analysis
Overview
On October 29, 2026, Nippon Life Insurance Co, a 10% beneficial owner of Corebridge Financial, Inc. ($CRBG), disclosed an open-market purchase of common stock pursuant to a pre-arranged Rule 10b5-1 trading plan.
Transaction Details
- Date of Transaction: October 27, 2026
- Shares Purchased: 178,129 shares
- Weighted Average Price: $35.1385 per share (ranging from $34.61 to $35.42)
- Total Transaction Value: $6,259,185.87
- Post-Transaction Beneficial Ownership: 131,623,670 shares
Strategic & Market Implications
- Plan Adoption: The purchases were carried out under a Rule 10b5-1 trading plan established on August 7, 2026.
- Ownership Scale: Nippon Life remains a substantial strategic shareholder with over 131.6 million shares (including 33,271 shares held via Nissay Asset Management Corporation).
- Signal: Continued multi-million-dollar accumulation by a strategic foreign institutional shareholder underscores ongoing long-term commitment to 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.
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