Jackson Financial Inc. (NYSE:JXN) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,392,129 shares of the company's stock after selling 596,903 shares during the quarter. Vanguard Group Inc. owned approximately 12.72% of Jackson Financial worth $817,867,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JXN. Empowered Funds LLC acquired a new position in shares of Jackson Financial in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Jackson Financial in the fourth quarter worth $44,000. Blue Trust Inc. increased its stake in shares of Jackson Financial by 108.1% in the fourth quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after buying an additional 402 shares during the last quarter. R Squared Ltd acquired a new stake in Jackson Financial in the fourth quarter valued at $126,000. Finally, GAMMA Investing LLC boosted its stake in Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the sale, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays increased their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods upped their price objective on Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $97.40.

Jackson Financial Stock Performance

Shares of NYSE:JXN traded down $11.25 during trading on Thursday, reaching $75.93. 1,177,306 shares of the company's stock traded hands, compared to its average volume of 738,200. The stock has a market capitalization of $5.52 billion, a P/E ratio of 6.63 and a beta of 1.48. Jackson Financial Inc. has a 12 month low of $62.81 and a 12 month high of $115.22. The company has a 50 day moving average of $88.08 and a 200-day moving average of $92.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30.

Jackson Financial (NYSE:JXN - Get Free Report) last posted 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 firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, equities analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.21%. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial's dividend payout ratio (DPR) is presently 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.