Scott Romine, President and CEO of Jackson Financial Inc (NYSE:JXN), completed a sale of 10,000 shares of the company’s stock on August 13, 2024. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 62,591.6 shares of Jackson Financial Inc.
Jackson Financial Inc. specializes in providing retirement products and services, including annuities and investment management, to individuals and institutions. The company is committed to helping its clients secure their financial future and effectively manage their retirement income.
Over the past year, the insider has sold a total of 37,000 shares and purchased no shares. This recent sale is part of a broader trend seen within the company. Over the past year, there were 7 insider sales and only 2 insider purchases.
On the day of the last transaction, Jackson Financial Inc.’s share price was $82.52, giving the company a market capitalization of around $6.37 billion. The company’s price-to-earnings ratio is 3.13, which is below the industry average of 11.25.
The stock is valued at USD 38.92 according to GF Value. This means that Jackson Financial Inc. is significantly overvalued at the current price of USD 82.52 with a price-to-value ratio of 2.12.
The GF value is determined by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow together with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ estimates of future business performance.
This insider sale could attract the attention of current and potential investors, especially given the company’s current valuation metrics and ongoing trends in insider transactions.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
