Nippon Life buys about $20.9 million more Corebridge Financial stock
Nippon Life Insurance added to its large stake in Corebridge Financial last week, buying 606,912 shares for about $20.9 million, according to a Form 4 filed Friday.
Nippon Life, which reports as a 10% owner of Corebridge, made the purchases on Oct. 7 at a weighted average price of $34.4038 a share. Individual trades ranged from $34.21 to $34.87, the filing said.
The buying was carried out under a Rule 10b5-1 trading plan Nippon Life adopted on Aug. 7, 2026.
After the purchases, Nippon Life reported beneficial ownership of 127,393,018 Corebridge shares. That figure includes 127,359,747 shares it holds of record and 33,271 shares held by Nissay Asset Management, a wholly owned subsidiary.
By the numbers
- Shares bought: 606,912
- Weighted average price: $34.4038
- Approximate cost: $20.9 million
- Trade date: Oct. 7, 2026
- Shares held after the trades: 127,393,018
- 10b5-1 plan adopted: Aug. 7, 2026
Sources
- Corebridge Financial, Inc., Form 4 for Nippon Life Insurance Co, filed October 9, 2026, accession 0001193125-26-419124
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.
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