Zurcher Kantonalbank Zurich Cantonalbank Has $1.96 Million Stake in Jackson Financial Inc. (NYSE:JXN)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,473 shares of the company's stock after selling 5,158 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Jackson Financial were worth $1,957,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Jackson Financial by 7.1% during the fourth 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 period. Mutual of America Capital Management LLC boosted its holdings in Jackson Financial by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company's stock valued at $1,032,000 after acquiring an additional 159 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Jackson Financial by 0.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after acquiring an additional 168 shares during the period. Caprock Group LLC boosted its holdings in Jackson Financial by 4.3% during the fourth quarter. Caprock Group LLC now owns 4,218 shares of the company's stock valued at $367,000 after acquiring an additional 173 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Jackson Financial by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock valued at $234,000 after acquiring an additional 180 shares during the period. 89.96% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

JXN has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods increased their target price on shares of 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 research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $97.40.

Jackson Financial Stock Performance

Shares of NYSE JXN traded up $0.15 during mid-day trading on Thursday, hitting $84.29. The company had a trading volume of 980,472 shares, compared to its average volume of 647,785. Jackson Financial Inc. has a 12 month low of $62.17 and a 12 month high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $6.12 billion, a P/E ratio of 7.36 and a beta of 1.48. The business's 50-day simple moving average is $89.45 and its 200-day simple moving average is $92.71.

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

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio is 27.95%.

Insider Buying and Selling

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 SEC, which is accessible through this link. Company insiders own 1.30% of the company's stock.

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.