Jackson Financial Inc. (NYSE:JXN) Position Trimmed by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 744,897 shares of the company’s stock after selling 32,397 shares during the quarter. Allianz Asset Management GmbH’s holdings in Jackson Financial were worth $64,866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JXN. Empowered Funds LLC acquired a new stake in shares of Jackson Financial during the 4th quarter valued at about $26,000. World Investment Advisors LLC acquired a new stake in shares of Jackson Financial during the 3rd quarter valued at about $31,000. Blue Trust Inc. lifted its holdings in shares of Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after buying an additional 260 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Jackson Financial during the 4th quarter valued at about $126,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Jackson Financial during the 3rd quarter valued at about $141,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Down 4.4 %

JXN opened at $81.63 on Friday. The business has a 50 day moving average price of $90.93 and a 200 day moving average price of $92.79. Jackson Financial Inc. has a twelve month low of $48.00 and a twelve month high of $115.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $6.03 billion, a P/E ratio of 7.13 and a beta of 1.47.

Jackson Financial (NYSE:JXN) last posted its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.07). The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Research analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be given a $0.80 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s payout ratio is currently 24.45%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on JXN shares. Barclays lifted their price target on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Jackson Financial has a consensus rating of “Hold” and a consensus target price of $92.80.

Insiders Place Their Bets

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $90.28 per share, with a total value of $135,420.00. Following the transaction, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

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.