Jackson Financial Inc. (NYSE:JXN) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,129 shares of the company's stock after selling 13,191 shares during the quarter. Denali Advisors LLC owned about 0.09% of Jackson Financial worth $5,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Jackson Financial by 7.1% in the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after acquiring an additional 118 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Jackson Financial by 1.4% in 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 acquiring an additional 159 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Jackson Financial by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after acquiring an additional 168 shares in the last quarter. Caprock Group LLC lifted its position in shares of Jackson Financial by 4.3% in the fourth quarter. Caprock Group LLC now owns 4,218 shares of the company's stock valued at $367,000 after acquiring an additional 173 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Jackson Financial by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock valued at $234,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Price Performance

Shares of NYSE:JXN traded up $2.95 during midday trading on Friday, hitting $91.66. The company had a trading volume of 1,118,524 shares, compared to its average volume of 629,442. Jackson Financial Inc. has a twelve month low of $54.47 and a twelve month high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 8.01 and a beta of 1.47. The business's 50-day simple moving average is $90.81 and its 200-day simple moving average is $92.94.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.20 annualized dividend and a yield of 3.49%. Jackson Financial's dividend payout ratio (DPR) is 27.95%.

Analysts Set New Price Targets

JXN has been the topic of several research reports. Barclays raised their target price on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods increased their price target on Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a report on Friday. Finally, Evercore ISI cut Jackson Financial from an "in-line" rating to an "underperform" rating and increased their price target for the company from $74.00 to $95.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Jackson Financial presently has an average rating of "Hold" and a consensus target price of $97.40.

Insiders Place Their Bets

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $90.28 per share, with a total value of $135,420.00. Following the completion of the purchase, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by insiders.

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.