Jackson Financial Inc. (NYSE:JXN) Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,134,545 shares of the company's stock after acquiring an additional 487,803 shares during the quarter. First Trust Advisors LP owned 5.60% of Jackson Financial worth $360,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Jackson Financial by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company's stock worth $188,522,000 after purchasing an additional 13,362 shares during the last quarter. Norges Bank acquired a new position in shares of Jackson Financial in the 4th quarter valued at $98,767,000. Charles Schwab Investment Management Inc. boosted its holdings in Jackson Financial by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock worth $93,980,000 after buying an additional 28,337 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Jackson Financial by 4.2% in the 4th quarter. Federated Hermes Inc. now owns 1,010,490 shares of the company's stock valued at $87,993,000 after buying an additional 40,828 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Jackson Financial by 33.9% in the fourth quarter. JPMorgan Chase & Co. now owns 650,544 shares of the company's stock worth $56,649,000 after acquiring an additional 164,800 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Jackson Financial Price Performance

JXN stock traded up $1.73 during mid-day trading on Wednesday, reaching $74.49. 585,164 shares of the company traded hands, compared to its average volume of 753,084. The company has a market capitalization of $5.41 billion, a P/E ratio of 6.51 and a beta of 1.49. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The company has a fifty day moving average price of $81.84 and a 200-day moving average price of $90.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.07). The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current 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 issued a dividend of $0.80 per share. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Tuesday, March 11th. Jackson Financial's dividend payout ratio is presently 27.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JXN shares. Barclays lowered their price target on shares of Jackson Financial from $118.00 to $106.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Keefe, Bruyette & Woods dropped their price target on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Finally, Morgan Stanley reduced their price objective on shares of Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. One 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 company presently has an average rating of "Hold" and an average price target of $91.40.

Insider Transactions at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at $8,093,726.96. This trade represents a 15.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott Romine sold 7,000 shares of the firm'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 value of $591,010.00. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

About Jackson Financial

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.