Grantham Mayo Van Otterloo & Co. LLC cut its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 57.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,754 shares of the company's stock after selling 40,738 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Jackson Financial were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Jackson Financial by 7.1% in the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after purchasing an additional 118 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Jackson Financial by 0.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after buying an additional 168 shares during the last quarter. Caprock Group LLC raised its holdings in Jackson Financial by 4.3% during the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company's stock valued at $367,000 after buying an additional 173 shares during the last quarter. IFP Advisors Inc boosted its position in Jackson Financial by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock valued at $234,000 after buying an additional 180 shares during the period. Finally, Axxcess Wealth Management LLC grew its holdings in Jackson Financial by 1.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 18,048 shares of the company's stock worth $1,572,000 after acquiring an additional 193 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.
Jackson Financial Stock Up 1.0 %
Shares of NYSE JXN traded up $0.73 during mid-day trading on Friday, hitting $71.88. 828,924 shares of the stock traded hands, compared to its average volume of 753,341. Jackson Financial Inc. has a 52 week low of $63.16 and a 52 week high of $115.22. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 6.28 and a beta of 1.49. 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 stock has a fifty day moving average price of $84.68 and a 200-day moving average price of $91.90.
Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 EPS 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 analyst estimates of $1.81 billion. Research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.
Jackson Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.80 per share. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 4.45%. Jackson Financial's payout ratio is presently 27.95%.
Insiders Place Their Bets
In related news, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the sale, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at approximately $8,093,726.96. This represents a 15.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the sale, the chief executive officer now owns 85,276 shares of the company's stock, valued at approximately $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. Corporate insiders own 1.30% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on JXN shares. Morgan Stanley dropped their target price on shares of Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Thursday. Keefe, Bruyette & Woods cut their price objective on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday. Finally, Barclays reduced their target price on Jackson Financial from $118.00 to $106.00 and set an "overweight" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Jackson Financial has an average rating of "Hold" and an average target price of $91.40.
View Our Latest Stock Analysis on JXN
Jackson Financial Profile
(
Free Report)
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.
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