Carson Advisory Inc. Has $2.56 Million Stake in Jackson Financial Inc. (NYSE:JXN)

Carson Advisory Inc. reduced its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,382 shares of the company's stock after selling 3,803 shares during the period. Jackson Financial makes up about 1.8% of Carson Advisory Inc.'s investment portfolio, making the stock its 12th largest position. Carson Advisory Inc.'s holdings in Jackson Financial were worth $2,559,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JXN. Empowered Funds LLC bought a new stake in shares of Jackson Financial in the fourth quarter valued at about $26,000. World Investment Advisors LLC bought a new stake in shares of Jackson Financial in the 3rd quarter worth approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Jackson Financial during the 4th quarter worth approximately $44,000. Blue Trust Inc. increased its position in shares of Jackson Financial by 114.5% during the fourth quarter. Blue Trust Inc. now owns 798 shares of the company's stock valued at $69,000 after purchasing an additional 426 shares during the period. Finally, R Squared Ltd bought a new stake in Jackson Financial in the 4th quarter valued at $126,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Trading Up 1.1 %

Shares of Jackson Financial stock traded up $0.80 on Friday, hitting $72.44. 551,009 shares of the company's stock traded hands, compared to its average volume of 754,709. Jackson Financial Inc. has a one year low of $63.85 and a one year 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 stock has a market capitalization of $5.26 billion, a PE ratio of 6.33 and a beta of 1.49. The firm's 50-day moving average price is $83.07 and its two-hundred day moving average price is $91.37.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its 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 business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.81 billion. On average, research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.42%. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio (DPR) is currently 27.95%.

Wall Street Analysts Forecast Growth

JXN has been the subject of a number of analyst reports. Morgan Stanley cut their price target on shares of Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Barclays decreased their price target on Jackson Financial from $118.00 to $106.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $91.40.

Insider Activity

In other news, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the sale, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of the 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 transaction, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. This trade represents a 15.04 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

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.