BNP Paribas Financial Markets Takes $8.28 Million Position in Jackson Financial Inc. (NYSE:JXN)

BNP Paribas Financial Markets bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 95,107 shares of the company's stock, valued at approximately $8,282,000. BNP Paribas Financial Markets owned about 0.13% of Jackson Financial as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in shares of Jackson Financial in the 4th quarter valued at approximately $26,000. Quarry LP bought a new position in shares of Jackson Financial during the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Jackson Financial during the 4th quarter valued at $44,000. Blue Trust Inc. lifted its position in Jackson Financial by 114.5% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the company's stock worth $69,000 after buying an additional 426 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Jackson Financial in the fourth quarter worth $79,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on JXN. Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday. Barclays lifted their price target on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley reduced their price objective on shares of Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research 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 assigned a buy rating to the stock. According to MarketBeat, Jackson Financial has an average rating of "Hold" and a consensus target price of $93.80.

Jackson Financial Trading Down 1.2%

Shares of JXN traded down $1.01 during trading hours on Thursday, reaching $85.18. 539,850 shares of the company traded hands, compared to its average volume of 748,364. The stock's fifty day moving average price is $79.50 and its 200 day moving average price is $89.09. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 7.44 and a beta of 1.50. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, beating analysts' consensus estimates of $4.93 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.23 EPS. Sell-side analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio is presently 310.68%.

Insider Activity

In other news, CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. The trade was a 15.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Romine sold 7,000 shares of the company's 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 completion of the sale, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at $7,199,852.68. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% 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.