Allianz Asset Management GmbH Sells 32,397 Shares of Jackson Financial Inc. (NYSE:JXN)

Allianz Asset Management GmbH decreased its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 744,897 shares of the company's stock after selling 32,397 shares during the quarter. Allianz Asset Management GmbH owned about 1.01% of Jackson Financial worth $64,866,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JXN. GAMMA Investing LLC raised its holdings in shares of Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock worth $155,000 after acquiring an additional 118 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in Jackson Financial by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company's stock valued at $1,032,000 after purchasing an additional 159 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Jackson Financial by 0.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after purchasing an additional 168 shares during the last quarter. Caprock Group LLC grew its stake in shares of Jackson Financial by 4.3% in the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company's stock worth $367,000 after buying an additional 173 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Jackson Financial by 3.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,431 shares of the company's stock worth $647,000 after buying an additional 234 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Trading Up 2.5 %

Jackson Financial stock traded up $2.16 during midday trading on Wednesday, reaching $87.03. The stock had a trading volume of 774,405 shares, compared to its average volume of 610,175. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 7.60 and a beta of 1.47. Jackson Financial Inc. has a 52-week low of $51.70 and a 52-week high of $115.22. The company has a fifty day moving average of $90.65 and a 200 day moving average of $92.95.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.81 billion. On average, analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. 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 3.68%. Jackson Financial's dividend payout ratio is presently 27.95%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays increased their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Evercore ISI cut Jackson Financial from an "in-line" rating to an "underperform" rating and lifted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $92.80.

Insider Buying and Selling

In other news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the acquisition, the director now owns 32,023 shares of the company's stock, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Jackson Financial Company 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.