Jackson Financial Inc. (NYSE:JXN) Stock Position Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 196.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 447,245 shares of the company's stock after purchasing an additional 296,367 shares during the quarter. Victory Capital Management Inc. owned approximately 0.61% of Jackson Financial worth $38,946,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in JXN. Charles Schwab Investment Management Inc. boosted its position in shares of Jackson Financial by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock worth $93,980,000 after acquiring an additional 28,337 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Jackson Financial during the fourth quarter worth approximately $44,000. Williamson Legacy Group LLC acquired a new position in shares of Jackson Financial in the 4th quarter valued at $315,000. QRG Capital Management Inc. grew its stake in shares of Jackson Financial by 2.8% during the 4th quarter. QRG Capital Management Inc. now owns 9,111 shares of the company's stock valued at $793,000 after buying an additional 246 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Jackson Financial during the 4th quarter worth $1,160,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Evercore ISI cut 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 report on Thursday, November 14th. Keefe, Bruyette & Woods lifted 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. Finally, Barclays increased their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $97.40.

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Jackson Financial Stock Down 0.6 %

Shares of JXN stock traded down $0.49 during trading hours on Wednesday, reaching $80.65. The company had a trading volume of 879,281 shares, compared to its average volume of 667,573. The company has a market capitalization of $5.86 billion, a P/E ratio of 7.04 and a beta of 1.48. 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 twelve month low of $60.00 and a twelve month high of $115.22. The stock's fifty day simple moving average is $90.23 and its 200 day simple moving average is $92.96.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, sell-side analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, March 11th. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.97%. Jackson Financial's dividend payout ratio (DPR) is currently 27.95%.

Insider Activity

In other 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 transaction of $591,010.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company's stock.

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.