Nippon Life, Corebridge Financial director, buys $8.66M in shares

Nippon Life Insurance Co., a director and 10% owner of Corebridge Financial, Inc. (NASDAQ:CRBG), purchased 246,440 shares of the company’s common stock on October 22, 2026. The transactions totaled approximately $8,662,932, with prices ranging from $34.62 to $35.55 per share. These purchases were executed under a Rule 10b5-1 trading plan adopted by Nippon Life on August 7, 2026.

Following these transactions, Nippon Life Insurance Co. beneficially owns a total of 130,667,106 shares of Corebridge Financial common stock. The purchase comes as CRBG trades near its 52-week high of $35.64, with shares up 34% over the past six months. According to InvestingPro analysis, the stock appears fairly valued at current levels. This total includes 130,633,835 shares held directly by Nippon Life and an additional 33,271 shares held by Nissay Asset Management Corporation, a direct wholly owned subsidiary of Nippon Life. For deeper insights into CRBG’s financial health and growth prospects, InvestingPro offers access to over 10 additional ProTips and comprehensive Pro Research Reports covering 1,400+ US equities.

In other recent news, Corebridge Financial reported its second-quarter earnings, revealing adjusted earnings of $1.12 per share, which aligned with Wall Street’s expectations. However, the company’s revenue for the quarter was $4.3 billion, falling short of the anticipated $4.75 billion. Despite the revenue miss, investors responded positively, focusing on the company’s stronger underlying earnings and capital returns. Additionally, Corebridge Financial filed an 8-K with the U.S. Securities and Exchange Commission, providing financial statements and pro forma information related to its merger with Equitable Holdings. This filing includes audited and unaudited financial statements for various periods, as well as pro forma condensed combined financial information for a new subsidiary, New Equitable. These developments come as Corebridge continues to progress with its merger plans. The company’s recent activities highlight its strategic focus on growth and financial transparency.