DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $10.96 Million Stake in Jackson Financial Inc. (NYSE:JXN)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 59.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,802 shares of the company's stock after selling 186,846 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.17% of Jackson Financial worth $10,955,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in Jackson Financial during the 4th quarter worth $1,160,000. New York Life Investment Management LLC bought a new position in Jackson Financial during the 4th quarter worth $689,000. Robeco Institutional Asset Management B.V. grew its stake in Jackson Financial by 22.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 109,839 shares of the company's stock worth $9,565,000 after buying an additional 19,934 shares during the last quarter. Barclays PLC grew its stake in Jackson Financial by 251.6% during the 3rd quarter. Barclays PLC now owns 134,001 shares of the company's stock worth $12,223,000 after buying an additional 95,893 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Jackson Financial by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock worth $93,980,000 after buying an additional 28,337 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Stock Down 1.5%

NYSE:JXN traded down $1.31 on Thursday, hitting $84.89. 219,599 shares of the company's stock traded hands, compared to its average volume of 747,154. 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 1 year low of $64.70 and a 1 year high of $115.22. The firm has a 50-day moving average price of $79.50 and a 200-day moving average price of $89.09. The company has a market cap of $6.17 billion, a PE ratio of 7.41 and a beta of 1.50.

Jackson Financial (NYSE:JXN - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.93 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same period last year, the firm earned $4.23 EPS. The company's revenue was down .6% compared to the same quarter last year. Equities analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on JXN shares. Keefe, Bruyette & Woods increased their price target on Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research note on Tuesday. Morgan Stanley decreased their target price on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, Barclays raised their target price on Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. 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 currently has an average rating of "Hold" and an average price target of $93.80.

Insider Transactions at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the sale, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at $8,093,726.96. This trade represents a 15.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the sale, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at $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. Company 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.