Victory Capital Management Inc. trimmed its position in Jackson Financial Inc. (NYSE:JXN – Get Rating) by 22.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 235,027 shares of the company’s stock after selling 69,359 shares during the period. Victory Capital Management Inc. owned approximately 0.28% of Jackson Financial worth $10,351,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management grew its holdings in Jackson Financial by 77.3% during the fourth quarter. Spire Wealth Management now owns 709 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Private Trust Co. NA bought a new stake in shares of Jackson Financial in the 4th quarter worth approximately $26,000. Federated Hermes Inc. lifted its stake in Jackson Financial by 199.8% during the third quarter. Federated Hermes Inc. now owns 1,382 shares of the company’s stock valued at $38,000 after purchasing an additional 921 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Jackson Financial during the fourth quarter worth approximately $60,000. Finally, Nisa Investment Advisors LLC grew its position in Jackson Financial by 80.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,800 shares of the company’s stock worth $66,000 after buying an additional 800 shares during the last quarter. 82.40% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Morgan Stanley decreased their target price on Jackson Financial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 12th. The Goldman Sachs Group upped their price objective on shares of Jackson Financial from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Wednesday, April 5th. Finally, Jefferies Financial Group lifted their target price on shares of Jackson Financial from $46.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, February 21st.
Insider Transactions at Jackson Financial
Jackson Financial Stock Down 1.9 %
JXN stock opened at $29.00 on Thursday. The company has a 50 day moving average of $34.52 and a two-hundred day moving average of $37.71. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 1.27 and a beta of 1.49. Jackson Financial Inc. has a 12-month low of $23.56 and a 12-month high of $49.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.52.
Jackson Financial (NYSE:JXN – Get Rating) last issued its earnings results on Tuesday, May 9th. The company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.78). Jackson Financial had a net margin of 42.47% and a return on equity of 14.28%. The firm had revenue of ($749.00) million during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the firm earned $3.94 EPS. On average, equities analysts anticipate that Jackson Financial Inc. will post 15.2 earnings per share for the current fiscal year.
Jackson Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 8.55%. The ex-dividend date is Wednesday, May 31st. Jackson Financial’s dividend payout ratio is 10.88%.
About Jackson Financial
Jackson Financial Inc, through its subsidiaries, primarily provides a suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions.
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