O Shaughnessy Asset Management LLC Has $6.90 Million Stake in Jackson Financial Inc. (NYSE:JXN)

O Shaughnessy Asset Management LLC reduced its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,257 shares of the company's stock after selling 9,743 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.11% of Jackson Financial worth $6,902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Empowered Funds LLC acquired a new position in Jackson Financial during the fourth quarter worth $26,000. World Investment Advisors LLC bought a new stake in shares of Jackson Financial in the 3rd quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Jackson Financial during the 4th quarter worth about $44,000. Blue Trust Inc. lifted its holdings in Jackson Financial by 114.5% during the 4th quarter. Blue Trust Inc. now owns 798 shares of the company's stock valued at $69,000 after purchasing an additional 426 shares during the last quarter. Finally, R Squared Ltd bought a new position in Jackson Financial during the 4th quarter valued at about $126,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays upped their price objective 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. Keefe, Bruyette & Woods increased their price target on 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $97.40.

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Insider Activity

In related news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the sale, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Jackson Financial Trading Down 7.7 %

JXN stock traded down $5.82 during midday trading on Friday, reaching $70.18. The stock had a trading volume of 1,681,377 shares, compared to its average volume of 742,560. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 6.13 and a beta of 1.49. Jackson Financial Inc. has a twelve month low of $62.81 and a twelve month high of $115.22. 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 has a fifty day simple moving average of $87.63 and a two-hundred day simple moving average of $92.77.

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 firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.80 per share. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 4.56%. Jackson Financial's payout ratio is presently 27.95%.

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.