Jackson Financial Inc. (NYSE:JXN) Position Cut by Ancora Advisors LLC

Ancora Advisors LLC lessened its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 20.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,830 shares of the company's stock after selling 18,217 shares during the period. Ancora Advisors LLC owned about 0.10% of Jackson Financial worth $6,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JXN. GAMMA Investing LLC boosted its stake in shares of Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock worth $155,000 after acquiring an additional 118 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Jackson Financial by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after purchasing an additional 168 shares during the period. Caprock Group LLC increased its position in shares of Jackson Financial by 4.3% in the fourth quarter. Caprock Group LLC now owns 4,218 shares of the company's stock valued at $367,000 after buying an additional 173 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Jackson Financial by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock worth $234,000 after buying an additional 180 shares during the period. Finally, Axxcess Wealth Management LLC lifted its position in shares of Jackson Financial by 1.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 18,048 shares of the company's stock valued at $1,572,000 after buying an additional 193 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Insider Buying and Selling at Jackson Financial

In related news, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the transaction, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. This trade represents a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction dated 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. The trade was a 7.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JXN has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Barclays lowered their price objective on Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley decreased their target price on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. One equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $91.40.

Jackson Financial Stock Performance

Shares of JXN stock traded up $0.51 during trading hours on Tuesday, reaching $81.75. 424,388 shares of the company's stock were exchanged, compared to its average volume of 749,361. 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 Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The company has a market cap of $5.94 billion, a P/E ratio of 7.14 and a beta of 1.50. The company's 50 day moving average is $79.77 and its two-hundred day moving average is $89.58.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 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 analyst estimates of $1.81 billion. Equities research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio (DPR) is currently 27.95%.

Jackson Financial Company 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.