Patriot Financial Group Insurance Agency LLC Decreases Stock Position in Jackson Financial Inc. (NYSE:JXN)

Patriot Financial Group Insurance Agency LLC lowered its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 44.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,359 shares of the company's stock after selling 2,732 shares during the period. Patriot Financial Group Insurance Agency LLC's holdings in Jackson Financial were worth $293,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. KBC Group NV increased its holdings in Jackson Financial by 1,495.2% in the fourth quarter. KBC Group NV now owns 36,833 shares of the company's stock worth $3,207,000 after purchasing an additional 34,524 shares in the last quarter. Blue Trust Inc. grew its position in shares of Jackson Financial by 108.1% during the 4th quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after buying an additional 402 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Jackson Financial by 0.3% in the 4th 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. Nisa Investment Advisors LLC lifted its position in shares of Jackson Financial by 6,642.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company's stock valued at $19,716,000 after acquiring an additional 223,060 shares during the period. Finally, Kera Capital Partners Inc. bought a new position in Jackson Financial during the fourth quarter worth $6,500,000. 89.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Gregory T. Durant purchased 1,500 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the acquisition, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Jackson Financial Stock Performance

JXN opened at $96.40 on Thursday. Jackson Financial Inc. has a 1-year low of $48.00 and a 1-year high of $115.22. The company's fifty day moving average price is $92.69 and its two-hundred day moving average price is $91.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing analysts' consensus estimates of $4.67 by ($0.07). The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company earned $3.80 EPS. As a group, equities research analysts expect that Jackson Financial Inc. will post 18.85 earnings per share for the current year.

Jackson Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.70 dividend. The ex-dividend date was Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.90%. Jackson Financial's dividend payout ratio is presently -22.15%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on JXN shares. Barclays decreased their price target on shares of Jackson Financial from $117.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Evercore ISI lowered Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their target price for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. One equities 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 MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $92.40.

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.