International Assets Investment Management LLC Has $881,000 Stock Position in Jackson Financial Inc. (NYSE:JXN)

International Assets Investment Management LLC reduced its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 98.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,039 shares of the company's stock after selling 932,000 shares during the period. International Assets Investment Management LLC's holdings in Jackson Financial were worth $881,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Jackson Financial by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,471,335 shares of the company's stock valued at $332,035,000 after acquiring an additional 163,598 shares during the period. State Street Corp increased its holdings in shares of Jackson Financial by 4.9% in the third quarter. State Street Corp now owns 3,266,981 shares of the company's stock valued at $298,047,000 after purchasing an additional 153,326 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Jackson Financial by 7.4% in the third quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company's stock valued at $194,187,000 after purchasing an additional 144,530 shares during the period. American Century Companies Inc. lifted its stake in shares of Jackson Financial by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 1,623,071 shares of the company's stock worth $120,529,000 after buying an additional 98,792 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Jackson Financial by 40.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company's stock worth $95,874,000 after buying an additional 300,520 shares during the period. Institutional investors own 89.96% of the company's stock.

Insider Activity at Jackson Financial

In related news, Director Gregory T. Durant bought 1,500 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, with a total value of $135,420.00. Following the acquisition, the director now owns 32,023 shares of the company's stock, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

JXN has been the subject of a number of research analyst reports. Evercore ISI cut Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their price objective for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays reduced their price target on Jackson Financial from $117.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $92.40.

Jackson Financial Price Performance

Shares of Jackson Financial stock traded down $4.12 during trading on Friday, reaching $84.49. 622,330 shares of the company's stock were exchanged, compared to its average volume of 606,464. The firm's 50-day moving average price is $96.08 and its 200 day moving average price is $89.79. The company has a market cap of $6.24 billion, a P/E ratio of -6.68 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a 1-year low of $47.49 and a 1-year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing analysts' consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm posted $3.80 EPS. As a group, research analysts anticipate that Jackson Financial Inc. will post 18.8 earnings per share for the current year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, December 5th. Jackson Financial's payout ratio is -22.15%.

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.