Mitsubishi UFJ Trust & Banking Corp Sells 3,381 Shares of Jackson Financial Inc. (NYSE:JXN)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,973 shares of the company's stock after selling 3,381 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.14% of Jackson Financial worth $8,706,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in JXN. Empowered Funds LLC purchased a new stake in shares of Jackson Financial during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in Jackson Financial during the fourth quarter valued at approximately $44,000. Blue Trust Inc. raised its position in Jackson Financial by 108.1% in the fourth quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after acquiring an additional 402 shares during the period. R Squared Ltd purchased a new position in shares of Jackson Financial during the 4th quarter worth $126,000. Finally, GAMMA Investing LLC grew its position in shares of Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after acquiring an additional 118 shares during the period. Institutional investors own 89.96% of the company's stock.

Jackson Financial Price Performance

JXN stock traded down $10.46 during trading on Thursday, reaching $76.72. The company's stock had a trading volume of 313,401 shares, compared to its average volume of 733,837. 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 company's fifty day moving average is $88.47 and its 200-day moving average is $92.91. The company has a market capitalization of $5.57 billion, a P/E ratio of 6.70 and a beta of 1.48. Jackson Financial Inc. has a 1 year low of $62.81 and a 1 year high of $115.22.

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Jackson Financial (NYSE:JXN - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.07). The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's payout ratio is 27.95%.

Insider Buying and Selling

In related news, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was 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. The trade was a 7.59 % decrease in their ownership of the stock. 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 company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JXN shares. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a report on Friday, February 28th. Barclays lifted their price objective on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Jackson Financial currently has an average rating of "Hold" and an average price target of $97.40.

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.