Bridgeway Capital Management LLC Sells 9,000 Shares of Jackson Financial Inc. (NYSE:JXN)

Bridgeway Capital Management LLC lowered its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,092 shares of the company's stock after selling 9,000 shares during the period. Bridgeway Capital Management LLC owned approximately 0.11% of Jackson Financial worth $7,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in shares of Jackson Financial in the fourth quarter valued at $26,000. Quarry LP acquired a new stake in shares of Jackson Financial in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial in the 4th quarter valued at about $44,000. Blue Trust Inc. boosted its stake in Jackson Financial by 108.1% during the 4th quarter. Blue Trust Inc. now owns 774 shares of the company's stock valued at $71,000 after purchasing an additional 402 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Jackson Financial during the fourth quarter valued at approximately $79,000. Institutional investors own 89.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley cut 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 report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, Barclays boosted their target price on Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $91.80.

Jackson Financial Stock Performance

Shares of NYSE:JXN traded up $2.51 during mid-day trading on Monday, reaching $86.92. The company had a trading volume of 122,477 shares, compared to its average volume of 746,715. The company's 50-day moving average price is $79.39 and its 200-day moving average price is $89.16. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $115.22. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 7.59 and a beta of 1.50.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.93 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the prior year, the firm posted $4.23 EPS. Jackson Financial's revenue was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.68%. Jackson Financial's dividend payout ratio is currently 310.68%.

Insider Buying and Selling

In other news, CEO Scott Romine sold 7,000 shares of the business'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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the company's stock in a transaction dated 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. The trade was a 15.04% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

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.