Jackson Financial Inc. (NYSE:JXN) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,557,652 shares of the company's stock after selling 3,372 shares during the quarter. American Century Companies Inc. owned about 2.11% of Jackson Financial worth $135,640,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JXN. Empowered Funds LLC acquired a new stake in shares of Jackson Financial in the fourth quarter valued at approximately $26,000. World Investment Advisors LLC acquired a new stake in Jackson Financial during the 3rd quarter worth $31,000. SBI Securities Co. Ltd. purchased a new position in Jackson Financial during the 4th quarter worth $44,000. Blue Trust Inc. increased its stake in Jackson Financial by 114.5% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the company's stock valued at $69,000 after purchasing an additional 426 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Jackson Financial in the fourth quarter valued at about $126,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, 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 transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

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Jackson Financial Stock Performance

Shares of NYSE:JXN traded down $1.90 during midday trading on Thursday, hitting $85.75. The stock had a trading volume of 786,734 shares, compared to its average volume of 678,806. The company has a market capitalization of $6.23 billion, a PE ratio of 7.49 and a beta of 1.48. Jackson Financial Inc. has a 1 year low of $62.81 and a 1 year high of $115.22. The stock has a 50 day moving average price of $89.35 and a two-hundred day moving average price of $92.77. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. As a group, equities 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were given a $0.80 dividend. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 annualized dividend and a yield of 3.73%. Jackson Financial's dividend payout ratio is presently 27.95%.

Analyst Ratings Changes

JXN has been the topic of a number of research reports. Barclays raised their price target on Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a research note on Friday, February 28th. 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $97.40.

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.