Jackson Financial Inc. (NYSE:JXN) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its position in Jackson Financial Inc. (NYSE:JXN) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,838 shares of the company’s stock after selling 1,250 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Jackson Financial were worth $862,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Jackson Financial by 16.1% in the third quarter. Vanguard Group Inc. now owns 10,933,228 shares of the company’s stock valued at $417,868,000 after acquiring an additional 1,518,547 shares during the period. BlackRock Inc. boosted its holdings in shares of Jackson Financial by 3.7% in the second quarter. BlackRock Inc. now owns 6,480,689 shares of the company’s stock valued at $198,374,000 after acquiring an additional 231,800 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Jackson Financial by 1.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,157,287 shares of the company’s stock valued at $155,525,000 after acquiring an additional 52,814 shares during the period. Hsbc Holdings PLC raised its stake in shares of Jackson Financial by 45,699.9% during the third quarter. Hsbc Holdings PLC now owns 3,241,261 shares of the company’s stock worth $124,043,000 after purchasing an additional 3,234,184 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Jackson Financial by 10.8% during the second quarter. State Street Corp now owns 2,360,191 shares of the company’s stock worth $72,245,000 after purchasing an additional 230,400 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Derek G. Kirkland purchased 3,500 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $55.67 per share, for a total transaction of $194,845.00. Following the completion of the transaction, the director now directly owns 37,726 shares in the company, valued at approximately $2,100,206.42. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JXN shares. Jefferies Financial Group restated a “hold” rating and set a $55.00 price target on shares of Jackson Financial in a research note on Tuesday, January 2nd. Morgan Stanley upped their price target on Jackson Financial from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Friday, March 1st. Keefe, Bruyette & Woods upped their price target on Jackson Financial from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on Jackson Financial from $39.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Finally, Evercore ISI upped their price target on Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $58.20.

Jackson Financial Trading Down 0.3 %

NYSE:JXN opened at $65.37 on Friday. The stock has a fifty day moving average price of $58.53 and a two-hundred day moving average price of $49.90. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 6.66 and a beta of 1.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.33 and a current ratio of 0.33. Jackson Financial Inc. has a 1 year low of $26.70 and a 1 year high of $68.97.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, February 21st. The company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($1.00). The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.40 billion. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $5.66 EPS. As a group, sell-side analysts anticipate that Jackson Financial Inc. will post 15.59 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 12th were given a $0.70 dividend. The ex-dividend date was Monday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.28%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.62. Jackson Financial’s dividend payout ratio (DPR) is currently 28.54%.

Jackson Financial Company Profile

Jackson Financial Inc, through its subsidiaries, provides 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 payout annuities, as well as registered index-linked annuities and lifetime income solutions.