Jackson Financial (NYSE:JXN) Stock Price Down 8.7% - Should You Sell?

Jackson Financial Inc. (NYSE:JXN - Get Free Report)'s share price dropped 8.7% during mid-day trading on Thursday . The stock traded as low as $85.30 and last traded at $85.45. Approximately 315,972 shares were traded during trading, a decline of 41% from the average daily volume of 532,186 shares. The stock had previously closed at $93.58.

Analyst Ratings Changes

JXN has been the topic of several research reports. Evercore ISI downgraded shares of Jackson Financial from an "in-line" rating to an "underperform" rating and raised their price objective for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays raised their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Thursday. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $92.80.

Jackson Financial Trading Down 4.4 %

The firm has a market capitalization of $6.03 billion, a PE ratio of 7.13 and a beta of 1.47. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The business's fifty day moving average price is $90.93 and its 200 day moving average price is $92.65.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be issued a $0.80 dividend. 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. The ex-dividend date is Tuesday, March 11th. Jackson Financial's payout ratio is presently 24.45%.

Insider Activity at Jackson Financial

In other news, Director Gregory T. Durant bought 1,500 shares of Jackson Financial stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the transaction, the director now owns 32,023 shares in the company, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Institutional Trading of Jackson Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd raised its holdings in Jackson Financial by 300.0% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company's stock worth $1,460,000 after purchasing an additional 12,000 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Jackson Financial in the 3rd quarter valued at about $897,000. Assetmark Inc. boosted its stake in shares of Jackson Financial by 7.9% during the 3rd quarter. Assetmark Inc. now owns 91,641 shares of the company's stock valued at $8,360,000 after buying an additional 6,724 shares during the period. World Investment Advisors LLC purchased a new position in Jackson Financial in the third quarter valued at about $31,000. Finally, Centaurus Financial Inc. grew its stake in shares of Jackson Financial by 135.1% in the 3rd quarter. Centaurus Financial Inc. now owns 10,169 shares of the company's stock valued at $928,000 after buying an additional 5,844 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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.