Segall Bryant & Hamill LLC decreased its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,524 shares of the company's stock after selling 9,701 shares during the period. Segall Bryant & Hamill LLC owned 0.09% of Jackson Financial worth $5,793,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of JXN. Fox Run Management L.L.C. grew its stake in Jackson Financial by 96.1% in the 4th quarter. Fox Run Management L.L.C. now owns 11,114 shares of the company's stock valued at $968,000 after buying an additional 5,446 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Jackson Financial during the 4th quarter worth about $1,855,000. Hillsdale Investment Management Inc. grew its holdings in Jackson Financial by 1.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 50,400 shares of the company's stock valued at $4,389,000 after buying an additional 500 shares in the last quarter. Sei Investments Co. increased its position in shares of Jackson Financial by 0.7% during the fourth quarter. Sei Investments Co. now owns 131,497 shares of the company's stock valued at $11,451,000 after buying an additional 874 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Jackson Financial in the fourth quarter worth about $6,241,000. Institutional investors own 89.96% of the company's stock.
Insider Activity
In related news, CEO Scott Romine sold 7,000 shares of the stock in a transaction 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 approximately $7,199,852.68. This trade represents a 7.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on JXN shares. Barclays upped their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods upped 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $97.40.
View Our Latest Report on Jackson Financial
Jackson Financial Price Performance
Jackson Financial stock traded up $0.73 during mid-day trading on Monday, hitting $83.86. 1,005,464 shares of the company traded hands, compared to its average volume of 732,704. 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 one year low of $62.81 and a one year high of $115.22. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 7.32 and a beta of 1.48. The stock has a fifty day moving average price of $88.86 and a 200-day moving average price of $92.94.
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 analysts' consensus estimates 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. On average, equities analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.
Jackson Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were issued a $0.80 dividend. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial's dividend payout ratio is presently 27.95%.
About Jackson Financial
(
Free Report)
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.
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