Nippon Life Insurance Purchases $8.67M in Corebridge Financial ($CRBG)
Corebridge Financial, Inc.
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Filing Summary
Corebridge Financial, Inc. ($CRBG) - Form 4 Insider Filing
Reporting Owner: NIPPON LIFE INSURANCE CO (10% Owner) Transaction Date: October 28, 2026 Action: Open Market Purchase (Code P) Shares Transacted: 245,898 Price per Share: $35.2646 Total Value: $8,671,499.88 Post-Transaction Holdings: 131,869,568 shares Plan: Rule 10b5-1 adopted August 7, 2026
Comprehensive Analysis
Transaction Overview
On October 28, 2026, Nippon Life Insurance Co, a 10% beneficial owner of Corebridge Financial, Inc. (NYSE: CRBG), executed an open-market purchase of 245,898 shares of common stock. The transactions were completed at a weighted-average price of $35.2646 per share (ranging from $35.03 to $35.61), representing a total capital outlay of approximately $8.67 million.
Filing Details & Holdings Context
- Trading Plan: The transactions were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on August 7, 2026.
- Ownership Scale: Following this transaction, Nippon Life beneficially owns a total of 131,869,568 shares. This includes 131,836,297 shares held of record directly and 33,271 shares held indirectly through its wholly owned subsidiary, Nissay Asset Management Corporation.
- Significance: This multi-million dollar open-market accumulation represents continued institutional positioning by Nippon Life, reinforcing its substantial equity stake in Corebridge Financial.
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