Jackson financial president and CEO sells shares for $1.43 million

On April 7, 2025, Craig Donald Smith, President and CEO of PPM America, executed a series of stock sales involving Jackson Financial Inc. (NYSE:JXN). According to a recent SEC filing, Smith sold a total of 20,607 shares of Jackson Financial's common stock, generating approximately $1.43 million. The transactions were carried out at prices ranging from $65.60 to $73.91 per share. The stock, currently trading at $70.55, has experienced significant volatility recently, with InvestingPro data showing a 15.7% decline in the past week despite strong fundamentals including a P/E ratio of 7.2x.

Following these sales, Smith retains ownership of 116,422.65 shares in the company. The transactions were part of a pre-established Rule 10b5-1 trading plan, which allows executives to sell shares at predetermined times to avoid potential insider trading claims. According to InvestingPro, the company appears undervalued based on its Fair Value analysis, with management actively buying back shares and maintaining a healthy 4.5% dividend yield. For deeper insights into JXN's valuation and 12+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Evercore ISI has 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 guidance for free cash flow in 2025, Evercore ISI expressed concerns regarding Brooke Re's complex risk profile and capital clarity. A notable development was a $419 million actuarial charge at Brooke Re, attributed to refined assumptions about customer behavior related to guaranteed minimum withdrawal benefit utilization rates. This charge was unexpected, given the current high lapse rates of 13%, which exceed long-term expectations of 8-9%. The analyst noted that further impairment to Brooke Re's minimum required buffer net assets could occur if lapse rates remain high. Additionally, potential changes by the National Association of Insurance Commissioners to variable annuity statutory accounting in 2026 could impact Brooke Re. While Brooke Re benefits from certain permitted practices, it must still adhere to statutory and risk-based capital standards. Evercore ISI suggests that increased transparency in Brooke Re's risk management could enhance investor confidence and the valuation of Jackson Financial's free cash flow.

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