Candriam S.C.A. Sells 3,379 Shares of Jackson Financial Inc. (NYSE:JXN)

Candriam S.C.A. lowered its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,718 shares of the company's stock after selling 3,379 shares during the quarter. Candriam S.C.A. owned 0.29% of Jackson Financial worth $18,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC purchased a new position in shares of Jackson Financial during the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Jackson Financial during the 4th quarter worth $44,000. Blue Trust Inc. boosted its stake in shares of Jackson Financial by 108.1% during the 4th quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after acquiring an additional 402 shares during the last quarter. R Squared Ltd purchased a new position in shares of Jackson Financial during the 4th quarter worth $126,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Jackson Financial during the 3rd quarter worth $141,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Buying and Selling at Jackson Financial

In related news, Director Gregory T. Durant acquired 1,500 shares of the stock in a transaction on Wednesday, December 11th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.30% of the stock is owned by corporate insiders.

Remove Ads

Jackson Financial Price Performance

Shares of JXN stock traded up $1.41 on Friday, hitting $84.73. 799,367 shares of the stock traded hands, compared to its average volume of 665,868. Jackson Financial Inc. has a 52 week low of $58.02 and a 52 week high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a 50 day simple moving average of $90.46 and a two-hundred day simple moving average of $92.90. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 7.40 and a beta of 1.48.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.81 billion. As a group, equities research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently disclosed 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 represents a $3.20 annualized dividend and a yield of 3.78%. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial's payout ratio is 27.95%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a research note on Friday, February 28th. Barclays raised their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Finally, Evercore ISI downgraded shares of Jackson Financial from an "in-line" rating to an "underperform" rating and raised their price objective for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. One equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $97.40.

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.