Jackson Financial CEO Scott Romine sells $591,010 in stock

Scott Romine, President and CEO of Jackson Financial Inc. (NYSE:JXN), a $6.14 billion market cap financial services company trading at an attractive P/E ratio of 7.19, recently sold 7,000 shares of the company’s common stock. The sale, completed on March 7, 2025, was executed at a weighted average price of $84.43 per share, resulting in a total transaction value of $591,010. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value.

Following this transaction, Romine holds approximately 85,276 shares in Jackson Financial, which currently offers a 3.79% dividend yield. InvestingPro analysis reveals the company maintains a strong financial health score and has been actively buying back shares. The shares were sold through a brokerage account under the Eleven D Six Trust, held jointly by Scott Romine and Penny Romine.

In other recent news, Evercore ISI maintained its Underperform rating on Jackson Financial Inc., keeping the price target steady at $98.00. This decision follows a review of the company’s recent call, where management discussed financial projections and the status of its subsidiary, Brooke Re. Despite positive free cash flow guidance for 2025, concerns were raised about Brooke Re’s complex risk profile and capital clarity. A significant actuarial charge of $419 million at Brooke Re was attributed to refined assumptions about customer behavior, particularly regarding guaranteed minimum withdrawal benefit utilization rates. The charge was unexpected due to the limited "in-the-money" status of the legacy variable annuity block and current high lapse rates. Lapses are at about 13% this quarter, exceeding long-term expectations of 8-9%, raising concerns over potential further impairment to Brooke Re’s minimum required buffer net assets. Additionally, there are questions about the potential impact of changes to variable annuity statutory accounting by the National Association of Insurance Commissioners in 2026. While Brooke Re benefits from permitted practices that provide some measurement flexibility, it must still meet certain statutory and risk-based capital standards. Evercore ISI suggests that increased transparency regarding Brooke Re’s risk management could improve investor confidence and the valuation of Jackson Financial’s free cash flow.

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