JPMorgan Chase & Co. Lowers Stock Position in Jackson Financial Inc. (NYSE:JXN)

JPMorgan Chase & Co. lowered its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 485,744 shares of the company's stock after selling 11,149 shares during the period. JPMorgan Chase & Co. owned about 0.66% of Jackson Financial worth $44,314,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JXN. Natixis Advisors LLC lifted its position in shares of Jackson Financial by 5.2% during the 2nd quarter. Natixis Advisors LLC now owns 14,935 shares of the company's stock worth $1,109,000 after buying an additional 733 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Jackson Financial by 9.1% during the 2nd quarter. Arizona State Retirement System now owns 21,450 shares of the company's stock worth $1,593,000 after purchasing an additional 1,786 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in shares of Jackson Financial by 2,173.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,046 shares of the company's stock worth $78,000 after buying an additional 1,000 shares during the last quarter. Private Advisor Group LLC grew its position in Jackson Financial by 1.2% during the second quarter. Private Advisor Group LLC now owns 14,962 shares of the company's stock valued at $1,111,000 after buying an additional 178 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Jackson Financial by 146.3% during the second quarter. Acadian Asset Management LLC now owns 1,219,218 shares of the company's stock worth $90,525,000 after buying an additional 724,148 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Jackson Financial

In other news, Director Gregory T. Durant acquired 1,500 shares of Jackson Financial stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price of $90.28 per share, with a total value of $135,420.00. Following the completion of the purchase, the director now owns 32,023 shares in the company, valued at approximately $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.30% of the company's stock.

Jackson Financial Stock Performance

Shares of NYSE JXN traded up $0.51 during midday trading on Monday, hitting $89.87. The company's stock had a trading volume of 613,466 shares, compared to its average volume of 559,189. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of -7.11 and a beta of 1.46. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average price of $96.84 and a 200 day moving average price of $89.69. Jackson Financial Inc. has a one year low of $47.49 and a one year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the prior year, the company posted $3.80 EPS. On average, research analysts forecast that Jackson Financial Inc. will post 18.8 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.80 annualized dividend and a yield of 3.12%. Jackson Financial's dividend payout ratio is currently -22.15%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore ISI cut shares of 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 note on Thursday, November 14th. Barclays dropped their price objective on Jackson Financial from $117.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $84.83.

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.