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President and CEO of Jackson Financial Inc (JXN) sells shares
On May 14, 2024, Scott Rominechairman and CEO of Jackson Financial Inc (NYSE:JXN), sold 5,000 shares of the company. The transaction was reported in a recent SEC Filing. This sale is part of a series of transactions over the last year where the insider sold a total of 25,000 shares.
Jackson Financial Inc (NYSE:JXN) specializes in retirement products and services, including annuities and investment management, serving individual investors and institutions. The company’s commitment to the financial security of its customers highlights its operations.
On the date of the sale, Jackson Financial Inc shares were priced at US$74.86, valuing the company at a market value of approximately US$5.77 billion. This price puts the company price-earnings ratio to 2 a.m., which is below the industry median of 12.1.
According to FG ValueJackson Financial Inc’s intrinsic value is estimated at $23.82 per share, making the stock significantly overvalued with a GF price-to-value ratio of 3.14.
Insider Selling: Chairman and CEO of Jackson Financial Inc (JXN) sells shares
Jackson Financial Inc’s insider transaction history shows a trend of more insider sales than purchases over the past year, with 7 insider sales and just 1 insider purchase.
Insider Selling: Chairman and CEO of Jackson Financial Inc (JXN) sells shares
Investors and market watchers often monitor insider transactions as they can provide insight into the insider’s view of the company’s stock value. In the case of Jackson Financial Inc, recent insider sales may draw attention given the stock’s current valuation metrics.
For more detailed information regarding the financial and internal transactions of Jackson Financial Inc, interested parties are encouraged to review the white paper SEC Filings.
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This article first appeared in GuruFocus.