Jackson Financial Insider Lowered Holding By 12% During Last Year

From what we can see, insiders were net sellers in Jackson Financial Inc.'s (NYSE:JXN ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Jackson Financial

The Last 12 Months Of Insider Transactions At Jackson Financial

The Executive VP & COO, Devkumar Ganguly, made the biggest insider sale in the last 12 months. That single transaction was for US$984k worth of shares at a price of US$75.67 each. That means that even when the share price was below the current price of US$83.60, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 12% of Devkumar Ganguly's holding. Devkumar Ganguly was the only individual insider to sell shares in the last twelve months.

Over the last year, we can see that insiders have bought 7.03k shares worth US$459k. But insiders sold 13.00k shares worth US$984k. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insiders At Jackson Financial Have Bought Stock Recently

Over the last three months, we've seen significant insider buying at Jackson Financial. We can see that Independent Director Russell Noles paid US$59k for shares in the company. No-one sold. This is a positive in our book as it implies some confidence.

Does Jackson Financial Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Jackson Financial insiders own 1.9% of the company, currently worth about US$119m based on the recent share price. 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?

It is good to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, Jackson Financial insiders are reasonably well aligned, and optimistic for the future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Jackson Financial has 4 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis.

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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.