Jackson Financial Inc. (NYSE:JXN) CEO Craig Donald Smith Sells 20,607 Shares of Stock

Jackson Financial Inc. (NYSE:JXN) CEO Craig Donald Smith sold 20,607 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $69.52, for a total value of $1,432,598.64. Following the sale, the chief executive officer now directly owns 116,423 shares in the company, valued at approximately $8,093,726.96. The trade was a 15.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jackson Financial Trading Down 1.4 %

NYSE JXN opened at $70.22 on Wednesday. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 6.13 and a beta of 1.49. The firm’s 50 day moving average price is $86.16 and its two-hundred day moving average price is $92.33. 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 twelve month low of $62.81 and a twelve month high of $115.22.

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

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were paid a $0.80 dividend. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 4.56%. Jackson Financial’s payout ratio is presently 27.95%.

Hedge Funds Weigh In On Jackson Financial

A number of hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Jackson Financial during the 4th quarter worth $98,767,000. First Trust Advisors LP raised its holdings in Jackson Financial by 13.4% during the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company’s stock valued at $360,036,000 after buying an additional 487,803 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Jackson Financial by 286.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 566,916 shares of the company’s stock worth $49,367,000 after acquiring an additional 420,245 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Jackson Financial during the 4th quarter valued at about $27,193,000. Finally, Victory Capital Management Inc. raised its stake in shares of Jackson Financial by 196.4% in the 4th quarter. Victory Capital Management Inc. now owns 447,245 shares of the company’s stock valued at $38,946,000 after acquiring an additional 296,367 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

JXN has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, February 28th. Barclays boosted their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $97.40.

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.