Jackson Financial Inc. (NYSE:JXN) Shares Sold by Entropy Technologies LP

Entropy Technologies LP lowered its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 72.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,000 shares of the company's stock after selling 10,681 shares during the quarter. Entropy Technologies LP's holdings in Jackson Financial were worth $365,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new position in shares of Jackson Financial during the 2nd quarter worth approximately $25,000. Blue Trust Inc. raised its stake in shares of Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after acquiring an additional 260 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Jackson Financial by 400.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company's stock worth $27,000 after acquiring an additional 316 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Jackson Financial by 60.8% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the company's stock worth $58,000 after acquiring an additional 293 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Jackson Financial by 80.5% during the 2nd quarter. CWM LLC now owns 1,025 shares of the company's stock worth $76,000 after acquiring an additional 457 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Performance

Shares of JXN stock traded up $0.14 during trading hours on Friday, hitting $100.63. The company's stock had a trading volume of 924,691 shares, compared to its average volume of 738,021. The company has a 50 day moving average of $96.14 and a 200 day moving average of $84.56. The stock has a market cap of $7.57 billion, a PE ratio of -7.96 and a beta of 1.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a 12-month low of $44.40 and a 12-month high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $3.80 earnings per share. On average, sell-side analysts forecast that Jackson Financial Inc. will post 18.8 EPS for the current fiscal year.

Jackson Financial declared that its board has initiated a stock repurchase plan on Wednesday, August 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the company to repurchase up to 10.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Thursday, December 5th. Jackson Financial's dividend payout ratio is currently -22.15%.

Insider Activity at Jackson Financial

In related news, EVP Carrie Chelko sold 5,500 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $91.31, for a total value of $502,205.00. Following the completion of the transaction, the executive vice president now directly owns 61,829 shares in the company, valued at $5,645,605.99. The trade was a 8.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Jackson Financial from $86.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Monday, August 19th. Keefe, Bruyette & Woods boosted their target price on shares of Jackson Financial from $80.00 to $82.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 14th. Barclays boosted their target price on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Evercore ISI downgraded shares of Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their target price for the stock from $74.00 to $95.00 in a research report on Thursday. Finally, Jefferies Financial Group boosted their target price on shares of Jackson Financial from $73.00 to $80.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $84.00.

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.