Yousif Capital Management LLC Sells 767 Shares of Jackson Financial Inc. (NYSE:JXN)

Yousif Capital Management LLC lessened its stake in Jackson Financial Inc. (NYSE:JXN) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,261 shares of the company’s stock after selling 767 shares during the period. Yousif Capital Management LLC’s holdings in Jackson Financial were worth $2,451,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Empowered Funds LLC acquired a new position in Jackson Financial in the 4th quarter valued at approximately $26,000. Quarry LP bought a new stake in shares of Jackson Financial during the fourth quarter valued at approximately $28,000. NBC Securities Inc. acquired a new position in shares of Jackson Financial in the first quarter valued at $37,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial in the fourth quarter worth $44,000. Finally, Versant Capital Management Inc boosted its stake in Jackson Financial by 161.9% during the first quarter. Versant Capital Management Inc now owns 550 shares of the company’s stock worth $46,000 after buying an additional 340 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling

In related news, CEO Craig Donald Smith sold 20,607 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the transaction, the chief executive officer now owns 116,423 shares in the company, valued at $8,093,726.96. This represents a 15.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JXN. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $90.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, May 13th. Barclays increased their price target on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Morgan Stanley set a $91.00 price target on shares of Jackson Financial and gave the stock an “equal weight” rating in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Jackson Financial presently has an average rating of “Hold” and a consensus target price of $94.80.

Jackson Financial Stock Down 1.7%

Shares of NYSE:JXN opened at $81.37 on Friday. The company’s fifty day moving average is $80.01 and its 200-day moving average is $85.88. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The company has a market capitalization of $5.81 billion, a PE ratio of 7.11 and a beta of 1.47.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.93 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. Jackson Financial’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $4.23 earnings per share. Equities research analysts predict that Jackson Financial Inc. will post 20.55 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 26th. Stockholders of record on Thursday, June 12th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial’s payout ratio is currently 310.68%.

Jackson Financial 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.