Jackson Financial Inc. (NYSE:JXN) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,225 shares of the company's stock after selling 9,413 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.10% of Jackson Financial worth $6,954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JXN. Hantz Financial Services Inc. acquired a new stake in shares of Jackson Financial in the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Jackson Financial by 400.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company's stock worth $27,000 after purchasing an additional 316 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Jackson Financial by 232.1% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after purchasing an additional 260 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Jackson Financial by 60.8% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the company's stock worth $58,000 after purchasing an additional 293 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Jackson Financial by 80.5% in the 2nd quarter. CWM LLC now owns 1,025 shares of the company's stock worth $76,000 after purchasing an additional 457 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on JXN shares. Barclays raised their price objective on Jackson Financial from $109.00 to $111.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Morgan Stanley raised their target price on Jackson Financial from $86.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Monday, August 19th. Keefe, Bruyette & Woods lifted their price objective on Jackson Financial from $80.00 to $82.00 and gave the company a "market perform" rating in a research note on Wednesday, August 14th. Evercore ISI lowered Jackson Financial from an "in-line" rating to an "underperform" rating and lifted their price objective for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. Finally, Jefferies Financial Group lifted their price target on Jackson Financial from $73.00 to $80.00 and gave the company a "hold" rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Jackson Financial presently has an average rating of "Hold" and an average price target of $84.00.

Insider Buying and Selling

In other news, EVP Carrie Chelko sold 5,500 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the transaction, the executive vice president now directly owns 61,829 shares in the company, valued at $5,645,605.99. The trade was a 8.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Jackson Financial Price Performance

JXN stock traded up $3.08 during trading on Friday, hitting $101.97. The stock had a trading volume of 716,825 shares, compared to its average volume of 734,998. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a twelve month low of $45.61 and a twelve month high of $115.22. The stock has a market capitalization of $7.53 billion, a P/E ratio of -7.82 and a beta of 1.48. The company's 50-day moving average price is $97.66 and its two-hundred day moving average price is $85.40.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.07). The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm posted $3.80 EPS. As a group, research analysts predict that Jackson Financial Inc. will post 18.8 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, December 5th. Jackson Financial's payout ratio is -22.15%.

Jackson Financial declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 7th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

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.