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 insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
The Last 12 Months Of Insider Transactions At Jackson Financial
Over the last year, we can see that the biggest insider sale was by the Executive VP & COO, Devkumar Ganguly, for US$984k worth of shares, at about US$75.67 per share. So what is clear is that an insider saw fit to sell at around the current price of US$75.48. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. Devkumar Ganguly was the only individual insider to sell shares in the last twelve months.
Happily, we note that in the last year insiders paid US$400k for 6.33k shares. On the other hand they divested 13.00k shares, for US$984k. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
I will like Jackson Financial better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insiders At Jackson Financial Have Sold Stock Recently
Over the last three months, we've seen notably more insider selling, than insider buying, at Jackson Financial. In that time, Executive VP & COO Devkumar Ganguly dumped US$984k worth of shares. On the flip side, Executive VP Don Cummings spent US$205k on purchasing shares. Generally this level of net selling might be considered a bit bearish.
Insider Ownership Of Jackson Financial
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Jackson Financial insiders own 1.9% of the company, currently worth about US$110m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Jackson Financial Insider Transactions Indicate?
The insider sales have outweighed the insider buying, at Jackson Financial, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Jackson Financial is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Jackson Financial. To that end, you should learn about the 3 warning signs we've spotted with Jackson Financial (including 1 which is concerning).
But note: Jackson Financial may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com