New York State Common Retirement Fund Decreases Stake in Jackson Financial Inc. (NYSE:JXN)

New York State Common Retirement Fund lowered its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 43,552 shares of the company's stock after selling 3,200 shares during the period. New York State Common Retirement Fund owned 0.06% of Jackson Financial worth $3,793,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. State Street Corp boosted its holdings in Jackson Financial by 4.9% during the third quarter. State Street Corp now owns 3,266,981 shares of the company's stock worth $298,047,000 after purchasing an additional 153,326 shares during the last quarter. Geode Capital Management LLC raised its holdings in Jackson Financial by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company's stock valued at $194,187,000 after acquiring an additional 144,530 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Jackson Financial by 40.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company's stock valued at $95,874,000 after buying an additional 300,520 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Jackson Financial by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 417,984 shares of the company's stock worth $36,398,000 after acquiring an additional 10,880 shares during the period. Finally, Vest Financial LLC boosted its stake in Jackson Financial by 27.4% during the fourth quarter. Vest Financial LLC now owns 395,365 shares of the company's stock valued at $34,428,000 after buying an additional 84,999 shares during the period. Institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Down 2.1 %

Shares of NYSE:JXN traded down $1.86 during trading on Tuesday, reaching $86.71. The stock had a trading volume of 542,400 shares, compared to its average volume of 665,108. The firm's 50-day simple moving average is $90.80 and its 200 day simple moving average is $93.07. The company has a market capitalization of $6.40 billion, a P/E ratio of 7.57 and a beta of 1.47. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a one year low of $54.80 and a one year high of $115.22.

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

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. This represents a $3.20 annualized dividend and a yield of 3.69%. Jackson Financial's dividend payout ratio is 27.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a report on Friday. Barclays lifted 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, February 20th. Finally, Evercore ISI lowered shares of Jackson Financial from an "in-line" rating to an "underperform" rating and upped their price objective for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $97.40.

Insiders Place Their Bets

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction dated 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 transaction, the director now directly owns 32,023 shares of the company's stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

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.