Jackson Financial Inc. (NYSE:JXN) CEO Sells $1,432,598.64 in Stock

Jackson Financial Inc. (NYSE:JXN - Get Free Report) CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the sale, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. The trade was a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jackson Financial Price Performance

NYSE:JXN traded up $0.73 during midday trading on Friday, hitting $71.88. The company had a trading volume of 828,924 shares, compared to its average volume of 753,023. The company has a market capitalization of $5.22 billion, a PE ratio of 6.28 and a beta of 1.49. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 52-week low of $62.81 and a 52-week high of $115.22. The stock's fifty day moving average price is $84.68 and its 200-day moving average price is $91.89.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.81 billion. As a group, research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Tuesday, March 11th. Jackson Financial's dividend payout ratio (DPR) is 27.95%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays reduced their price target on shares of Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a research report on Friday. Keefe, Bruyette & Woods decreased their target price on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday. Finally, Morgan Stanley lowered their price target on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $91.40.

Institutional Trading of Jackson Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. RFG Advisory LLC increased its stake in shares of Jackson Financial by 1.4% in the first quarter. RFG Advisory LLC now owns 16,924 shares of the company's stock worth $1,418,000 after buying an additional 226 shares during the period. NBC Securities Inc. bought a new stake in Jackson Financial in the 1st quarter worth $37,000. Summit Global Investments increased its position in shares of Jackson Financial by 13.8% in the first quarter. Summit Global Investments now owns 13,605 shares of the company's stock valued at $1,140,000 after acquiring an additional 1,645 shares during the period. GAMMA Investing LLC raised its stake in shares of Jackson Financial by 9,833.0% during the first quarter. GAMMA Investing LLC now owns 176,608 shares of the company's stock valued at $14,796,000 after acquiring an additional 174,830 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Jackson Financial by 161.9% during the first quarter. Versant Capital Management Inc now owns 550 shares of the company's stock worth $46,000 after purchasing an additional 340 shares during the period. Institutional investors own 89.96% of the company's stock.

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.