{
  "id": 16122316,
  "title": "Nippon Life, 10% owner, buys $6.77 million Corebridge Financial stock",
  "url": "https://urgent.news/2026/10/22/nippon-life-10-owner-buys-6-77-million-corebridge-financial-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T23:16:06.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/nippon-life-10-owner-buys-677-million-corebridge-financial-stock-93CH-4967817"
  },
  "original_language": "en",
  "account": null,
  "summary": "Nippon Life Insurance Co., a 10% owner and director of Corebridge Financial, Inc., recently acquired 193,357 shares of the company's common stock, totaling $6.77 million. The purchases, made under a Rule 10b5-1 trading plan, were executed at prices ranging from $34.51 to $35.34, with a weighted average price of $35.0106 per share. The transaction occurred on October 20, 2026, and follows the stock's recent strong performance, trading near its 52-week high of $35.64 after a 36% gain over the past six months. Nippon Life Insurance Co. now directly holds 130,203,484 shares of Corebridge Financial common stock, including 33,271 shares held by its wholly-owned subsidiary, Nissay Asset Management Corporation. Despite the stock being slightly overvalued according to InvestingPro analysis, Corebridge Financial reported solid earnings for Q2, with adjusted earnings per share of $1.12, although revenue fell short of expectations at $4.3 billion. The company's merger with Equitable Holdings has been positively received, with upbeat comments regarding the merger's prospects.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}