Dimensional Fund Advisors LP Reduces Stock Position in Jackson Financial Inc. (NYSE:JXN)

Dimensional Fund Advisors LP reduced its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,398,846 shares of the company's stock after selling 204,197 shares during the quarter. Dimensional Fund Advisors LP owned about 5.96% of Jackson Financial worth $383,049,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in Jackson Financial in the 4th quarter worth about $26,000. World Investment Advisors LLC bought a new stake in shares of Jackson Financial during the 3rd quarter worth $31,000. SBI Securities Co. Ltd. acquired a new stake in Jackson Financial in the 4th quarter valued at approximately $44,000. Blue Trust Inc. grew its stake in shares of Jackson Financial by 114.5% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the company's stock worth $69,000 after acquiring an additional 426 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Jackson Financial during the 4th quarter worth approximately $126,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $69.52, for a total value of $1,432,598.64. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on JXN shares. Barclays reduced their price objective on shares of Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Morgan Stanley lowered their target price on shares of Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $91.40.

Jackson Financial Trading Up 2.4 %

Shares of NYSE:JXN traded up $1.73 during mid-day trading on Wednesday, reaching $74.49. The stock had a trading volume of 585,164 shares, compared to its average volume of 752,808. 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 Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The firm has a 50 day simple moving average of $81.84 and a two-hundred day simple moving average of $90.93. The firm has a market cap of $5.41 billion, a PE ratio of 6.51 and a beta of 1.49.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its 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 analyst estimates of $1.81 billion. On average, research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were issued 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 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial's dividend payout ratio (DPR) is presently 27.95%.

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.