Scott Romine Sells 7,000 Shares of Jackson Financial Inc. (NYSE:JXN) Stock

Jackson Financial Inc. (NYSE:JXN - Get Free Report) CEO Scott Romine sold 7,000 shares of the company'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 completion of the sale, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. The trade was a 7.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jackson Financial Price Performance

Shares of NYSE:JXN traded down $0.49 during midday trading on Wednesday, reaching $80.65. 1,212,193 shares of the company's stock traded hands, compared to its average volume of 665,420. The company has a fifty day simple moving average of $90.10 and a two-hundred day simple moving average of $92.88. Jackson Financial Inc. has a 1 year low of $60.54 and a 1 year high of $115.22. The company has a market cap of $5.86 billion, a P/E ratio of 7.04 and a beta of 1.48. 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 (NYSE:JXN - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Equities analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

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Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.97%. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. Jackson Financial's payout ratio is presently 27.95%.

Wall Street Analysts Forecast Growth

JXN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a report on Friday, February 28th. Barclays raised their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Finally, Evercore ISI downgraded 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 research report on Thursday, November 14th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $97.40.

Institutional Investors Weigh In On Jackson Financial

Several large investors have recently bought and sold shares of JXN. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Jackson Financial by 10.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,047 shares of the company's stock worth $369,000 after acquiring an additional 396 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Jackson Financial by 4.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 50,539 shares of the company's stock worth $4,611,000 after purchasing an additional 2,040 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Jackson Financial during the third quarter worth $1,504,000. Amalgamated Bank raised its position in shares of Jackson Financial by 6.0% in the third quarter. Amalgamated Bank now owns 22,251 shares of the company's stock valued at $2,030,000 after buying an additional 1,254 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Jackson Financial in the third quarter worth about $238,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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.