On November 12, 2024, Devkumar Ganguly, Executive Vice President and Chief Operating Officer of Jackson Financial Inc (JXN, Financial), sold 10,000 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 83,760.65 shares of Jackson Financial Inc.
Jackson Financial Inc specializes in providing retirement products and services, including annuities and investment management, to retail investors. The company operates primarily in the United States and focuses on helping customers achieve financial security during retirement.
Over the past year, Devkumar Ganguly has sold a total of 23,000 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend within the company, where there have been 7 insider sells and only 2 insider buys over the same period.
On the date of the sale, shares of Jackson Financial Inc were trading at $111.06, giving the company a market cap of approximately $7.99 billion.
According to the GF Value, the intrinsic value estimate for Jackson Financial Inc is $50.13 per share, suggesting that the stock is significantly overvalued with a price-to-GF-Value ratio of 2.22.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale could be of interest to investors tracking insider behaviors and evaluating the valuation metrics of Jackson Financial Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
