Hsbc Holdings PLC Sells 131,956 Shares of Jackson Financial Inc. (NYSE:JXN)

Hsbc Holdings PLC lowered its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,102,462 shares of the company's stock after selling 131,956 shares during the period. Hsbc Holdings PLC owned approximately 2.85% of Jackson Financial worth $183,670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Empowered Funds LLC bought a new stake in shares of Jackson Financial during the fourth quarter valued at approximately $26,000. World Investment Advisors LLC purchased a new position in shares of Jackson Financial in the third quarter worth $31,000. SBI Securities Co. Ltd. purchased a new position in shares of Jackson Financial in the fourth quarter worth $44,000. Blue Trust Inc. boosted its position in shares of Jackson Financial by 114.5% during the fourth quarter. Blue Trust Inc. now owns 798 shares of the company's stock valued at $69,000 after buying an additional 426 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Jackson Financial in the 4th quarter worth about $126,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Activity

In related news, CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the transaction, the chief executive officer now directly owns 116,423 shares in the company, valued at $8,093,726.96. The trade was a 15.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott Romine sold 7,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value 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 approximately $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Jackson Financial Stock Performance

NYSE JXN opened at $72.62 on Wednesday. The company has a market cap of $5.28 billion, a P/E ratio of 6.34 and a beta of 1.49. The business's 50 day moving average price is $81.84 and its 200-day moving average price is $90.93. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week 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.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its 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 business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Sell-side analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.80 per share. This is an increase 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 dividend yield of 4.41%. Jackson Financial's dividend payout ratio is presently 27.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JXN shares. Keefe, Bruyette & Woods cut their target price on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Barclays cut their price objective on Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley lowered their target price on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Jackson Financial currently has a consensus rating of "Hold" and an average target price of $91.40.

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.

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