Nippon Life Insurance Co., a 10% owner of Corebridge Financial (NYSE:CRBG), bought 190,251 shares on November 2, 2026, for $6.7 million. The shares were purchased at a weighted average price of $35.2322 per share, with individual prices ranging from $34.96 to $35.55, under a Rule 10b5-1 trading plan adopted August 7, 2026.
Following the purchase, Nippon Life Insurance holds 132,534,113 shares of Corebridge Financial common stock directly, plus 33,271 shares held by Nissay Asset Management Corporation, a wholly owned subsidiary.
CRBG stock currently trades at $36.24, near its 52-week high of $36.71. The stock gained 29% over the past six months.
Corebridge Financial reported third-quarter 2026 operating earnings per share of $1.22, below analyst expectations of $1.24. Third-quarter revenue was $4.5 billion, falling short of the projected $5.36 billion. Operating earnings per share rose 27% compared to the prior year. The company has a market capitalization of $15.89 billion.
Investors watching CRBG should monitor whether Nippon Life's continued accumulation signals confidence in the company's retirement and institutional business outlook, given the stock's proximity to its 52-week high despite missing revenue estimates.