Jackson Financial Inc. (NYSE:JXN) Short Interest Update

Jackson Financial Inc. (NYSE:JXN - Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,060,000 shares, a drop of 10.3% from the January 15th total of 3,410,000 shares. Currently, 4.3% of the company's shares are sold short. Based on an average daily trading volume, of 636,200 shares, the days-to-cover ratio is presently 4.8 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JXN shares. Barclays lifted their price target on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday. Evercore ISI lowered Jackson Financial from an "in-line" rating to an "underperform" rating and lifted their price target for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $92.80.

Jackson Financial Stock Down 4.4 %

Jackson Financial stock traded down $3.77 during mid-day trading on Friday, hitting $81.63. The company had a trading volume of 1,356,899 shares, compared to its average volume of 584,591. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock's 50 day moving average price is $91.13 and its two-hundred day moving average price is $92.57. Jackson Financial has a 12 month low of $48.00 and a 12 month high of $115.22. The company has a market capitalization of $6.03 billion, a PE ratio of -6.46 and a beta of 1.47.

Jackson Financial (NYSE:JXN - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, sell-side analysts anticipate that Jackson Financial will post 18.85 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.92%. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. Jackson Financial's payout ratio is -22.15%.

Insider Transactions at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the transaction, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Jackson Financial

Hedge funds have recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd raised its stake in shares of Jackson Financial by 300.0% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company's stock worth $1,460,000 after purchasing an additional 12,000 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Jackson Financial in the third quarter worth $897,000. Assetmark Inc. raised its stake in shares of Jackson Financial by 7.9% in the third quarter. Assetmark Inc. now owns 91,641 shares of the company's stock worth $8,360,000 after purchasing an additional 6,724 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Jackson Financial in the third quarter worth $31,000. Finally, Centaurus Financial Inc. raised its stake in shares of Jackson Financial by 135.1% in the third quarter. Centaurus Financial Inc. now owns 10,169 shares of the company's stock worth $928,000 after purchasing an additional 5,844 shares during the last quarter. 89.96% of the stock is owned by 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.