Jackson Financial Inc. (NYSE:JXN) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in Jackson Financial Inc. (NYSE:JXN) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,904 shares of the company’s stock after selling 587 shares during the period. Asset Management One Co. Ltd.’s holdings in Jackson Financial were worth $1,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its holdings in Jackson Financial by 62.0% during the 3rd quarter. CWM LLC now owns 1,660 shares of the company’s stock valued at $151,000 after buying an additional 635 shares during the last quarter. Creative Planning grew its holdings in Jackson Financial by 10.2% during the 3rd quarter. Creative Planning now owns 4,041 shares of the company’s stock valued at $369,000 after buying an additional 373 shares during the last quarter. Blue Trust Inc. grew its holdings in 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. Sequoia Financial Advisors LLC acquired a new stake in Jackson Financial during the 3rd quarter valued at $244,000. Finally, Private Advisor Group LLC grew its holdings in Jackson Financial by 10.5% during the 3rd quarter. Private Advisor Group LLC now owns 16,537 shares of the company’s stock valued at $1,509,000 after buying an additional 1,575 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Trading Down 9.0 %

Shares of Jackson Financial stock opened at $85.16 on Friday. Jackson Financial Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $115.22. The firm has a market cap of $6.29 billion, a PE ratio of -6.74 and a beta of 1.47. The business’s fifty day moving average is $91.13 and its two-hundred day moving average is $92.57. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

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 paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio is currently -22.15%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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

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.