New York State Teachers Retirement System Sells 7,628 Shares of Jackson Financial Inc. (NYSE:JXN)

New York State Teachers Retirement System reduced its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,722 shares of the company's stock after selling 7,628 shares during the period. New York State Teachers Retirement System owned 0.07% of Jackson Financial worth $4,243,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Gordian Capital Singapore Pte Ltd grew its holdings in Jackson Financial by 300.0% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company's stock worth $1,460,000 after acquiring an additional 12,000 shares during the period. CWA Asset Management Group LLC acquired a new stake in Jackson Financial during the 3rd quarter worth about $897,000. Assetmark Inc. grew its holdings in Jackson Financial by 7.9% during the 3rd quarter. Assetmark Inc. now owns 91,641 shares of the company's stock worth $8,360,000 after acquiring an additional 6,724 shares during the period. World Investment Advisors LLC acquired a new stake in Jackson Financial during the 3rd quarter worth about $31,000. Finally, Centaurus Financial Inc. grew its holdings in Jackson Financial by 135.1% during the 3rd quarter. Centaurus Financial Inc. now owns 10,169 shares of the company's stock worth $928,000 after acquiring an additional 5,844 shares during the period. 89.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JXN has been the subject of a number of recent analyst reports. Evercore ISI downgraded Jackson Financial from an "in-line" rating to an "underperform" rating and increased their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays increased their price target on Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a report on Thursday. 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $92.80.

Jackson Financial Stock Down 4.4 %

Shares of JXN traded down $3.77 during trading hours on Friday, hitting $81.63. The stock had a trading volume of 1,357,525 shares, compared to its average volume of 527,012. 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 firm has a 50 day simple moving average of $90.93 and a 200-day simple moving average of $92.65. The firm has a market capitalization of $6.03 billion, a P/E ratio of 7.13 and a beta of 1.47. Jackson Financial Inc. has a 1-year low of $48.00 and a 1-year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $1.81 billion. Sell-side analysts predict that Jackson Financial Inc. will post 20.55 EPS 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. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 3.92%. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's payout ratio is 24.45%.

Insider Buying and Selling at Jackson Financial

In related news, Director Gregory T. Durant purchased 1,500 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company's stock.

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.