Axa S.A. Decreases Stake in Jackson Financial Inc. (NYSE:JXN)

Axa S.A. decreased its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 93.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,467 shares of the company's stock after selling 155,968 shares during the quarter. Axa S.A.'s holdings in Jackson Financial were worth $911,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JXN. Barclays PLC raised its holdings in Jackson Financial by 251.6% in the 3rd quarter. Barclays PLC now owns 134,001 shares of the company's stock valued at $12,223,000 after acquiring an additional 95,893 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Jackson Financial by 0.3% in the third quarter. Principal Financial Group Inc. now owns 407,104 shares of the company's stock valued at $37,140,000 after purchasing an additional 1,152 shares in the last quarter. Brookstone Capital Management purchased a new position in Jackson Financial during the fourth quarter worth approximately $214,000. Assenagon Asset Management S.A. boosted its stake in Jackson Financial by 586.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 180,253 shares of the company's stock worth $15,696,000 after buying an additional 153,992 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Jackson Financial by 7.1% in the 4th quarter. Ritholtz Wealth Management now owns 19,092 shares of the company's stock valued at $1,662,000 after buying an additional 1,270 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Price Performance

Jackson Financial stock opened at $84.37 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 7.37 and a beta of 1.50. The company's 50 day simple moving average is $79.39 and its 200-day simple moving average is $89.29. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, topping analysts' consensus estimates of $4.93 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company earned $4.23 earnings per share. The firm's revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is 27.95%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JXN shares. Keefe, Bruyette & Woods lowered their price target on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Barclays boosted their target price on shares of Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Morgan Stanley cut their price target on shares of Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $91.80.

Insiders Place Their Bets

In related news, CEO Craig Donald Smith sold 20,607 shares of the company'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 transaction of $1,432,598.64. Following the sale, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at $8,093,726.96. This represents a 15.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott Romine sold 7,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction 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 disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

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.

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