Nippon Life buys about $8.7 million of Corebridge Financial stock under trading plan

Nippon Life Insurance kept adding to its large stake in Corebridge Financial, buying about $8.7 million of stock, according to a Form 4 filed with the SEC.

Japan’s Nippon Life, which is a 10% owner of Corebridge, bought 246,440 shares on Oct. 22 at a weighted average price of $35.1523, the filing shows. The shares were bought in multiple trades at prices from $34.62 to $35.55.

The purchases were made under a Rule 10b5-1 trading plan that Nippon Life adopted on Aug. 7, 2026, according to the filing. A 10b5-1 plan sets trades in advance so they can proceed on a schedule.

A bigger position

After the purchases, Nippon Life beneficially owned 130,667,106 Corebridge shares. That includes 130,633,835 shares it holds directly and 33,271 shares held by Nissay Asset Management, its wholly owned subsidiary.

Unlike most insider filings, this is a purchase rather than a sale, and it comes from a 10% owner rather than an executive.

What to watch

Because the buying runs through a preset plan, more Form 4 filings may follow as the plan continues. Investors will watch how far Nippon Life takes its stake.

Sources

1. Corebridge Financial, Inc., Form 4 for Nippon Life Insurance Company, filed Oct. 26, 2026 (accession 0001193125-26-432280)

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.