B. Riley Wealth Advisors Inc. Trims Holdings in Jackson Financial Inc. (NYSE:JXN)

B. Riley Wealth Advisors Inc. lowered its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 14.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,212 shares of the company’s stock after selling 5,819 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Jackson Financial were worth $1,803,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. acquired a new position in Jackson Financial during the fourth quarter worth $36,000. Headlands Technologies LLC acquired a new position in Jackson Financial during the 4th quarter worth about $38,000. Hexagon Capital Partners LLC lifted its stake in Jackson Financial by 113.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,297 shares of the company’s stock worth $66,000 after acquiring an additional 688 shares in the last quarter. Planned Solutions Inc. purchased a new position in Jackson Financial during the 4th quarter valued at about $77,000. Finally, Nomura Asset Management Co. Ltd. grew its position in Jackson Financial by 18.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,640 shares of the company’s stock valued at $84,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Transactions at Jackson Financial

In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $75.67, for a total value of $983,710.00. Following the transaction, the chief operating officer now directly owns 93,405 shares in the company, valued at $7,067,956.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Don W. Cummings acquired 1,445 shares of Jackson Financial stock in a transaction on Wednesday, June 5th. The stock was bought at an average price of $72.70 per share, for a total transaction of $105,051.50. Following the completion of the purchase, the chief financial officer now owns 45,711 shares in the company, valued at $3,323,189.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Devkumar Dilip Ganguly sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $75.67, for a total transaction of $983,710.00. Following the transaction, the chief operating officer now owns 93,405 shares in the company, valued at $7,067,956.35. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Stock Up 0.1 %

JXN stock opened at $71.47 on Wednesday. The company’s 50 day moving average price is $72.07 and its 200 day moving average price is $60.60. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 1.89 and a beta of 1.54. Jackson Financial Inc. has a fifty-two week low of $28.57 and a fifty-two week high of $81.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.56. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.15 earnings per share. On average, equities research analysts anticipate that Jackson Financial Inc. will post 16.98 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.92%. Jackson Financial’s payout ratio is currently 7.40%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JXN shares. Keefe, Bruyette & Woods lowered shares of Jackson Financial from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $75.00 to $80.00 in a research note on Tuesday, May 14th. Morgan Stanley raised their price target on shares of 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, Evercore ISI upped their price objective on Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and an average price target of $62.80.

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.