Jackson Financial Inc. (NYSE:JXN) Shares Sold by Xponance Inc.

Xponance Inc. reduced its holdings in Jackson Financial Inc. (NYSE:JXN) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,231 shares of the company’s stock after selling 1,098 shares during the period. Xponance Inc.’s holdings in Jackson Financial were worth $319,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. NBC Securities Inc. purchased a new position in shares of Jackson Financial in the third quarter valued at approximately $28,000. Daiwa Securities Group Inc. purchased a new stake in Jackson Financial in the fourth quarter valued at $36,000. PNC Financial Services Group Inc. raised its position in Jackson Financial by 291.2% in the third quarter. PNC Financial Services Group Inc. now owns 1,025 shares of the company’s stock valued at $39,000 after purchasing an additional 763 shares during the period. Global Retirement Partners LLC raised its position in Jackson Financial by 464.7% in the third quarter. Global Retirement Partners LLC now owns 1,344 shares of the company’s stock valued at $49,000 after purchasing an additional 1,106 shares during the period. Finally, Planned Solutions Inc. purchased a new stake in shares of Jackson Financial in the 4th quarter valued at $77,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Derek G. Kirkland purchased 3,500 shares of the company’s stock in a transaction on Monday, March 4th. The stock was bought at an average price of $55.67 per share, with a total value of $194,845.00. Following the completion of the transaction, the director now owns 37,726 shares of the company’s stock, valued at approximately $2,100,206.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

Jackson Financial Stock Down 0.0 %

JXN opened at $69.56 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50 day simple moving average of $61.89 and a 200-day simple moving average of $52.20. The stock has a market capitalization of $5.38 billion, a P/E ratio of 7.09 and a beta of 1.57. Jackson Financial Inc. has a 12 month low of $26.70 and a 12 month high of $70.97.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $3.53 by ($1.00). The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the company earned $5.66 earnings per share. Jackson Financial’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Jackson Financial Inc. will post 15.95 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Tuesday, March 12th were paid a $0.70 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.62. This represents a $2.80 annualized dividend and a yield of 4.03%. The ex-dividend date was Monday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is presently 28.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $55.00 price objective on shares of Jackson Financial in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Evercore ISI increased their price objective on Jackson Financial from $55.00 to $62.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Morgan Stanley upped their target price on Jackson Financial from $52.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, The Goldman Sachs Group upped their target price on Jackson Financial from $39.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Jackson Financial currently has an average rating of “Hold” and a consensus price target of $61.80.

About Jackson Financial

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.