Nippon Life Insurance buys $6.39M in Corebridge Financial stock

Nippon Life Insurance Co., a significant 10% owner and director of Corebridge Financial, Inc. (NYSE:CRBG), recently increased its stake in the company. On October 26, 2026, the insurance firm acquired 182,826 shares of common stock for a total value of $6,390,298. The purchase comes as CRBG trades near its 52-week high of $35.67, with the stock delivering a strong 33% return over the past six months.

The purchases were executed at prices ranging from $34.58 to $35.31 per share, with a weighted average price of $34.9529. These transactions were carried out under a Rule 10b5-1 trading plan, which Nippon Life Insurance Co. adopted on August 7, 2026. Following these acquisitions, Nippon Life Insurance Co. now directly holds 131,445,541 shares of Corebridge Financial common stock. This total includes shares held directly by Nippon Life Insurance Co. and those held by Nissay Asset Management Corporation, a wholly owned subsidiary. For deeper insights into CRBG’s valuation and growth prospects, InvestingPro offers exclusive tips and comprehensive analysis, including detailed Pro Research Reports covering over 1,400 US equities.

In other recent news, Corebridge Financial has filed an 8-K with the U.S. Securities and Exchange Commission. This filing includes financial statements and pro forma financial information related to its merger with Equitable Holdings. The documents provide audited and unaudited financial statements of Equitable, as well as pro forma financial data for New Equitable, a subsidiary of Corebridge. Additionally, Corebridge Financial reported its second-quarter earnings, matching Wall Street’s expectations with adjusted earnings of $1.12 per share. Despite this, the company fell short on revenue, reporting $4.3 billion against an expected $4.75 billion. Investors focused on the company’s stronger underlying earnings and merger plans. These developments reflect Corebridge’s ongoing strategic activities and financial performance.