Charles Schwab Investment Management Inc. Boosts Stock Position in Jackson Financial Inc. (NYSE:JXN)

Charles Schwab Investment Management Inc. increased its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,079,240 shares of the company's stock after purchasing an additional 28,337 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.46% of Jackson Financial worth $93,980,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Jackson Financial by 300.0% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company's stock worth $1,460,000 after buying an additional 12,000 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Jackson Financial in the third quarter valued at about $897,000. Assetmark Inc. boosted its position in Jackson Financial by 7.9% in the third quarter. Assetmark Inc. now owns 91,641 shares of the company's stock worth $8,360,000 after purchasing an additional 6,724 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Jackson Financial during the 3rd quarter valued at about $31,000. Finally, Centaurus Financial Inc. boosted its holdings in shares of Jackson Financial by 135.1% in the third quarter. Centaurus Financial Inc. now owns 10,169 shares of the company's stock worth $928,000 after buying an additional 5,844 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JXN. Barclays lifted their price target 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. Evercore ISI cut Jackson Financial from an "in-line" rating to an "underperform" rating and upped their price target for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $97.40.

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Jackson Financial Price Performance

Jackson Financial stock traded down $3.22 during mid-day trading on Monday, hitting $81.26. The stock had a trading volume of 1,092,162 shares, compared to its average volume of 667,628. Jackson Financial Inc. has a one year low of $58.02 and a one year high of $115.22. 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 firm has a market capitalization of $6.00 billion, a P/E ratio of 7.10 and a beta of 1.48. The firm's 50 day moving average is $90.46 and its 200 day moving average is $93.02.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.81 billion. On average, sell-side analysts forecast 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 issued a dividend of $0.80 per share. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial's dividend payout ratio (DPR) is 27.95%.

Insider Activity

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction on Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory T. Durant purchased 1,500 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, the director now 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 disclosure for this purchase can be found here. Company 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.