Jackson Financial Inc. (NYSE:JXN) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC decreased its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,285 shares of the company's stock after selling 7,021 shares during the quarter. Easterly Investment Partners LLC owned about 0.18% of Jackson Financial worth $11,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd increased its stake in Jackson Financial by 300.0% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company's stock valued at $1,460,000 after purchasing an additional 12,000 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Jackson Financial during the 4th quarter worth about $1,160,000. World Investment Advisors LLC purchased a new stake in Jackson Financial during the 3rd quarter valued at about $31,000. Stifel Financial Corp raised its stake in shares of Jackson Financial by 43.3% in the third quarter. Stifel Financial Corp now owns 47,564 shares of the company's stock worth $4,340,000 after purchasing an additional 14,364 shares during the last quarter. Finally, New York Life Investment Management LLC purchased a new stake in Jackson Financial in the fourth quarter valued at approximately $689,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays upped their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $97.40.

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Jackson Financial Stock Performance

NYSE JXN traded up $0.29 during mid-day trading on Monday, reaching $83.42. 162,640 shares of the stock were exchanged, compared to its average volume of 729,381. Jackson Financial Inc. has a 1 year low of $62.81 and a 1 year high of $115.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The business's 50 day moving average is $89.03 and its 200-day moving average is $92.93. The company has a market capitalization of $6.06 billion, a P/E ratio of 7.28 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 earnings per share for the quarter, missing the consensus estimate 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. On average, equities research analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The company 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 dividend yield of 3.84%. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio is presently 27.95%.

Insider Activity

In other news, CEO Scott Romine sold 7,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were 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 of the company's stock, valued at $7,199,852.68. This represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.