Natixis Advisors LLC Reduces Holdings in Jackson Financial Inc. (NYSE:JXN)

Natixis Advisors LLC lowered its position in Jackson Financial Inc. (NYSE:JXN) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,339 shares of the company’s stock after selling 217 shares during the quarter. Natixis Advisors LLC’s holdings in Jackson Financial were worth $1,423,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in Jackson Financial by 4.9% in the third quarter. State Street Corp now owns 3,266,981 shares of the company’s stock worth $298,047,000 after purchasing an additional 153,326 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Jackson Financial by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock worth $194,187,000 after acquiring an additional 144,530 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Jackson Financial by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company’s stock valued at $93,980,000 after acquiring an additional 28,337 shares during the period. Victory Capital Management Inc. grew its position in 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 during the last quarter. Finally, Principal Financial Group Inc. grew its position in Jackson Financial by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 417,984 shares of the company’s stock valued at $36,398,000 after acquiring an additional 10,880 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

Shares of Jackson Financial stock opened at $88.75 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average price is $89.44 and its 200-day moving average price is $92.81. The firm has a market cap of $6.45 billion, a P/E ratio of 7.75 and a beta of 1.48. Jackson Financial Inc. has a 12 month low of $62.81 and a 12 month high of $115.22.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 3.61%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JXN. Keefe, Bruyette & Woods boosted their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, February 28th. Barclays upped their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. One equities research 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. Based on data from MarketBeat, Jackson Financial has a consensus rating of “Hold” and a consensus target price of $97.40.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.