Jackson Financial Inc. (NYSE:JXN) Position Cut by Schroder Investment Management Group

Schroder Investment Management Group trimmed its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,133 shares of the company's stock after selling 11,142 shares during the quarter. Schroder Investment Management Group owned approximately 0.11% of Jackson Financial worth $7,209,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Cerity Partners LLC raised its position in Jackson Financial by 84.8% in the third quarter. Cerity Partners LLC now owns 8,022 shares of the company's stock worth $732,000 after acquiring an additional 3,681 shares during the period. The Manufacturers Life Insurance Company increased its stake in Jackson Financial by 9.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,918 shares of the company's stock worth $4,463,000 after buying an additional 4,290 shares during the period. FMR LLC lifted its holdings in shares of Jackson Financial by 106.0% in the 3rd quarter. FMR LLC now owns 174,505 shares of the company's stock worth $15,920,000 after buying an additional 89,798 shares during the period. Glenmede Trust Co. NA increased its holdings in Jackson Financial by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 3,362 shares of the company's stock valued at $307,000 after buying an additional 411 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Jackson Financial by 0.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 172,117 shares of the company's stock worth $15,702,000 after purchasing an additional 757 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

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Jackson Financial Price Performance

Shares of NYSE:JXN traded up $0.54 during midday trading on Tuesday, hitting $71.72. The company had a trading volume of 415,111 shares, compared to its average volume of 743,745. The business's 50-day simple moving average is $87.19 and its 200-day simple moving average is $92.63. Jackson Financial Inc. has a twelve month low of $62.81 and a twelve month high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 6.29 and a beta of 1.49.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts' consensus estimates 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 predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Tuesday, March 11th. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays upped their target price on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods increased their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a report on Friday, February 28th. One research 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's stock. According to data from MarketBeat, Jackson Financial presently has an average rating of "Hold" and an average price target of $97.40.

Insider Buying and Selling

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now owns 85,276 shares of the company's stock, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate 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.