Skandinaviska Enskilda Banken AB publ Sells 6,800 Shares of Jackson Financial Inc. (NYSE:JXN)

Skandinaviska Enskilda Banken AB publ reduced its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 42.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,100 shares of the company's stock after selling 6,800 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Jackson Financial were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in JXN. Empowered Funds LLC bought a new stake in shares of Jackson Financial during the 4th quarter valued at $26,000. World Investment Advisors LLC bought a new stake in Jackson Financial during the third quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new stake in Jackson Financial during the fourth quarter worth about $44,000. Blue Trust Inc. increased its holdings in Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company's stock valued at $69,000 after buying an additional 426 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Jackson Financial in the 4th quarter valued at approximately $126,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Analysts Set New Price Targets

JXN has been the topic of several recent analyst reports. Barclays lifted their price target on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $97.40.

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Insider Transactions at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of the business'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 transaction, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at $7,199,852.68. The trade was a 7.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

Jackson Financial Trading Up 1.2 %

Jackson Financial stock traded up $1.02 during trading hours on Friday, hitting $85.31. The stock had a trading volume of 8,521,039 shares, compared to its average volume of 677,823. The business's 50 day simple moving average is $89.36 and its 200-day simple moving average is $92.66. 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 $6.20 billion, a price-to-earnings ratio of 7.45 and a beta of 1.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

Jackson Financial (NYSE:JXN - Get Free Report) last issued 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, equities analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were given a $0.80 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.75%. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's payout ratio is 27.95%.

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.