Rathbones Group PLC Has $2.51 Million Position in Jackson Financial Inc. (NYSE:JXN)

Rathbones Group PLC cut its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,847 shares of the company's stock after selling 4,737 shares during the quarter. Rathbones Group PLC's holdings in Jackson Financial were worth $2,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Jackson Financial in the 4th quarter worth approximately $98,767,000. Raymond James Financial Inc. acquired a new position in Jackson Financial in the fourth quarter worth approximately $27,193,000. Victory Capital Management Inc. increased its holdings in shares of Jackson Financial by 196.4% in the fourth quarter. Victory Capital Management Inc. now owns 447,245 shares of the company's stock valued at $38,946,000 after buying an additional 296,367 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Jackson Financial by 6,642.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company's stock valued at $19,716,000 after buying an additional 223,060 shares in the last quarter. Finally, Four Tree Island Advisory LLC acquired a new stake in shares of Jackson Financial during the 4th quarter valued at $19,298,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Up 1.7 %

Shares of JXN stock traded up $1.21 on Monday, reaching $73.25. 168,992 shares of the company's stock traded hands, compared to its average volume of 751,102. The business's 50 day moving average price is $84.68 and its two-hundred day moving average price is $91.90. The company has a market capitalization of $5.32 billion, a P/E ratio of 6.40 and a beta of 1.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a 12-month low of $63.16 and a 12-month high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last issued 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 firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, equities analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were given a $0.80 dividend. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 4.37%. Jackson Financial's dividend payout ratio is presently 27.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Morgan Stanley cut their target price on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Thursday. Barclays cut their price objective on Jackson Financial from $118.00 to $106.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Jackson Financial has a consensus rating of "Hold" and a consensus target price of $91.40.

Insider Buying and Selling at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the sale, the chief executive officer now owns 116,423 shares of the company's stock, valued at $8,093,726.96. This trade represents a 15.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

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.