Nippon Life Insurance, a 10% owner, buys $12m in Corebridge Financial
Nippon Life Insurance, a 10% owner, buys $12m in Corebridge Financial
Nippon Life Insurance Co., a 10% owner and director of Corebridge Financial, Inc. (NYSE:CRBG), purchased shares of the company’s common stock. The firm acquired 347,195 shares on October 16, 2026, for a total value of approximately $12,052,561. The shares were bought at prices ranging from $34.31 to $35.07, with a weighted average price of $34.7141 per share. The stock currently trades at $34.96, near its 52-week high of $35.64, following a strong 35% gain over the past six months.
These purchases were executed under a Rule 10b5-1 trading plan, which Nippon Life Insurance Co. adopted on August 7, 2026. Following these transactions, Nippon Life Insurance Co. beneficially owns a total of 129,848,103 shares of Corebridge Financial common stock. This total includes 129,814,832 shares held directly by Nippon Life Insurance Co. and 33,271 shares held by Nissay Asset Management Corporation, a wholly owned subsidiary of the reporting person.According to InvestingPro analysis, CRBG is currently trading near fair value, with the company showing strong momentum. For deeper insights, investors can access CRBG’s comprehensive Pro Research Report, one of 1,400+ available reports that transform complex data into actionable intelligence.
In other recent news, Corebridge Financial reported its second-quarter earnings, revealing adjusted earnings per share of $1.12, which met analysts’ expectations. However, the company’s revenue fell short, coming in at $4.3 billion compared to the anticipated $4.75 billion. Despite the revenue miss, the company highlighted strong underlying earnings and steady capital returns, which were well-received by investors. Additionally, Corebridge Financial filed an 8-K with the U.S. Securities and Exchange Commission, providing financial statements and pro forma financial 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 New Equitable, a newly formed subsidiary. These developments underscore Corebridge’s ongoing strategic efforts and financial performance.