State Street Corp Has $298.05 Million Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

State Street Corp lifted its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 4.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,266,981 shares of the company's stock after buying an additional 153,326 shares during the quarter. State Street Corp owned about 4.34% of Jackson Financial worth $298,047,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Allocation Strategies LLC increased its holdings in shares of Jackson Financial by 0.6% in the second quarter. Asset Allocation Strategies LLC now owns 18,926 shares of the company's stock valued at $1,405,000 after purchasing an additional 119 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Jackson Financial by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company's stock valued at $1,032,000 after buying an additional 159 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Jackson Financial by 1.2% in the 2nd quarter. Private Advisor Group LLC now owns 14,962 shares of the company's stock valued at $1,111,000 after buying an additional 178 shares during the period. International Assets Investment Management LLC raised its position in shares of Jackson Financial by 2.0% during the second quarter. International Assets Investment Management LLC now owns 9,954 shares of the company's stock worth $739,000 after acquiring an additional 199 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock valued at $34,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Jackson Financial Stock Up 0.9 %

Shares of NYSE JXN traded up $0.79 during trading hours on Wednesday, hitting $90.67. The company had a trading volume of 439,225 shares, compared to its average volume of 729,948. The stock has a market capitalization of $6.70 billion, a P/E ratio of -7.11 and a beta of 1.42. Jackson Financial Inc. has a 1-year low of $47.49 and a 1-year high of $115.22. The firm's 50 day moving average is $100.27 and its 200-day moving average is $87.63. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing analysts' consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the business posted $3.80 earnings per share. On average, analysts expect that Jackson Financial Inc. will post 18.8 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.80 annualized dividend and a dividend yield of 3.09%. Jackson Financial's dividend payout ratio is currently -22.15%.

Wall Street Analyst Weigh In

Several brokerages have commented on JXN. Morgan Stanley upped their target price on shares of Jackson Financial from $86.00 to $89.00 and gave the company an "equal weight" rating in a research report on Monday, August 19th. Evercore ISI lowered Jackson Financial from an "in-line" rating to an "underperform" rating and lifted their target price for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays upped their price target on Jackson Financial from $109.00 to $111.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Jackson Financial from $80.00 to $82.00 and gave the company a "market perform" rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Jackson Financial has an average rating of "Hold" and an average price target of $84.00.

Insider Buying and Selling

In related news, EVP Carrie Chelko sold 5,500 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total value of $502,205.00. Following the transaction, the executive vice president now owns 61,829 shares in the company, valued at approximately $5,645,605.99. This represents a 8.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

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.