4Filed Sep 15, 8:00 PM ET
Corebridge (CRBG) 10% Owner Nippon Life Buys 295,967 Shares
$CRBG · Corebridge Financial, Inc.Research Summary
AI-generated summary of this SEC filing
Corebridge (CRBG) 10% Owner Nippon Life Buys 295,967 Shares
What Happened
- Nippon Life Insurance Co., a reported 10% owner of Corebridge Financial, purchased 295,967 shares of Corebridge on Sept. 14, 2026. The weighted-average price was $34.86 per share, for a total reported transaction value of $10,318,653. This was a purchase (buy), which is generally viewed as a bullish signal relative to a sale.
Key Details
- Transaction date: 2026-09-14.
- Transaction type/code: Open-market purchase (P) executed under a Rule 10b5-1 plan adopted Aug. 7, 2026 (Footnote F1).
- Price: Weighted average $34.86; individual trades ranged from $34.53 to $35.17 (Footnote F3).
- Shares acquired: 295,967; total reported value: $10,318,653.
- Shares owned after transaction (per filing footnote): 122,769,404 total beneficially owned (122,736,133 held of record by Nippon Life + 33,271 held by its wholly owned asset manager) (Footnote F2).
- Filing timeliness: No late filing flagged in the information provided.
Context
- This filing is from a large institutional holder (a disclosed 10% owner), not an operating executive. Institutional purchases can reflect portfolio decisions rather than individual insider sentiment. The purchase was pre-planned under a 10b5-1 trading plan (adopted Aug. 7, 2026), which can automate trades and reduce the implication of real-time intent. The reported price is a weighted average across multiple trades; the filer offers to disclose per-trade breakdowns on request (Footnote F3).