Have Jackson Financial Insiders Been Selling Stock?

Some Jackson Financial Inc. (NYSE:JXN) shareholders may be a little concerned to see that the President & CEO of Jackson National Life Distributors LLC, Scott Romine, recently sold a substantial US$591k worth of stock at a price of US$84.43 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 7.6%.

See our latest analysis for Jackson Financial

Jackson Financial Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Executive VP, Devkumar Ganguly, for US$1.1m worth of shares, at about US$111 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$81.14. So it is hard to draw any strong conclusion from it.

Happily, we note that in the last year insiders paid US$400k for 5.03k shares. On the other hand they divested 35.50k shares, for US$3.2m. In total, Jackson Financial insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Jackson Financial

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Jackson Financial insiders own 1.8% of the company, worth about US$106m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Jackson Financial Insiders?

An insider sold Jackson Financial shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. But it is good to see that Jackson Financial is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 1 warning sign for Jackson Financial you should be aware of.

Of course Jackson Financial may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.