Jackson Financial (NYSE:JXN) Shares Gap Down - Should You Sell?

Jackson Financial Inc. (NYSE:JXN - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $82.76, but opened at $80.48. Jackson Financial shares last traded at $80.19, with a volume of 82,979 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on JXN shares. Barclays increased their target price on Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Jackson Financial presently has a consensus rating of "Hold" and an average price target of $97.40.

Jackson Financial Stock Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The firm's fifty day moving average price is $89.36 and its 200 day moving average price is $92.66. The firm has a market cap of $6.20 billion, a P/E ratio of 7.45 and a beta of 1.48.

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

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Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were paid 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 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial's dividend payout ratio is 27.95%.

Insider Buying and Selling at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the sale, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This trade 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 hyperlink. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JXN. Norges Bank acquired a new position in shares of Jackson Financial during the fourth quarter worth $98,767,000. First Trust Advisors LP grew its stake in Jackson Financial by 13.4% during the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock worth $360,036,000 after buying an additional 487,803 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Jackson Financial by 286.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 566,916 shares of the company's stock valued at $49,367,000 after buying an additional 420,245 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Jackson Financial in the fourth quarter valued at about $27,193,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Jackson Financial by 40.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company's stock worth $95,874,000 after acquiring an additional 300,520 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

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.