Jackson Financial Inc. (NYSE:JXN) is Donald Smith & CO. Inc.'s 9th Largest Position

Donald Smith & CO. Inc. lessened its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 22.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,557,289 shares of the company's stock after selling 444,107 shares during the quarter. Jackson Financial comprises 3.2% of Donald Smith & CO. Inc.'s portfolio, making the stock its 9th largest holding. Donald Smith & CO. Inc. owned approximately 2.11% of Jackson Financial worth $135,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its position in Jackson Financial by 4.9% in the third quarter. State Street Corp now owns 3,266,981 shares of the company's stock worth $298,047,000 after acquiring an additional 153,326 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Jackson Financial by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company's stock valued at $188,522,000 after buying an additional 13,362 shares in the last quarter. Norges Bank bought a new stake in shares of Jackson Financial in the 4th quarter worth approximately $98,767,000. Charles Schwab Investment Management Inc. lifted its stake in Jackson Financial by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock worth $93,980,000 after purchasing an additional 28,337 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Jackson Financial by 33.9% during the 4th quarter. JPMorgan Chase & Co. now owns 650,544 shares of the company's stock valued at $56,649,000 after acquiring an additional 164,800 shares during the period. 89.96% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JXN shares. Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a report on Friday, February 28th. Barclays increased their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $97.40.

Insider Activity

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the stock in a transaction on Friday, March 7th. The stock was 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 in the company, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

Jackson Financial Stock Performance

Shares of JXN stock traded up $0.68 during trading hours on Tuesday, reaching $71.86. The company had a trading volume of 298,360 shares, compared to its average volume of 906,196. 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 business has a fifty day moving average price of $87.19 and a 200-day moving average price of $92.63. Jackson Financial Inc. has a one year low of $62.81 and a one year high of $115.22. The firm has a market cap of $5.22 billion, a PE ratio of 6.28 and a beta of 1.49.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.81 billion. Sell-side analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently declared 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 represents a $3.20 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio (DPR) is currently 27.95%.

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.