4,043 Shares in Jackson Financial Inc. (NYSE:JXN) Bought by Advisor Resource Council

Advisor Resource Council purchased a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,043 shares of the company's stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of JXN. Empowered Funds LLC purchased a new stake in shares of Jackson Financial in the fourth quarter worth approximately $26,000. Quarry LP bought a new position in Jackson Financial in the fourth quarter worth approximately $28,000. NBC Securities Inc. bought a new position in Jackson Financial in the first quarter worth approximately $37,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial in the fourth quarter worth approximately $44,000. Finally, Versant Capital Management Inc grew its stake in Jackson Financial by 161.9% in the first quarter. Versant Capital Management Inc now owns 550 shares of the company's stock worth $46,000 after purchasing an additional 340 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 13th. Morgan Stanley set a $91.00 price objective on Jackson Financial and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Barclays increased their price objective on Jackson Financial from $106.00 to $108.00 and gave the stock 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 company. According to MarketBeat, Jackson Financial currently has an average rating of "Hold" and a consensus price target of $94.80.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the 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 transaction, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at approximately $8,093,726.96. This trade represents a 15.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

Jackson Financial Trading Up 0.3%

Shares of JXN stock traded up $0.28 during trading on Monday, hitting $84.94. 482,264 shares of the stock traded hands, compared to its average volume of 830,696. The firm has a market capitalization of $6.07 billion, a P/E ratio of 82.47 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.29. The firm's fifty day moving average price is $81.10 and its 200-day moving average price is $85.27. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week 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. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The company 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 earned $4.23 earnings per share. The firm's revenue was down .6% compared to the same quarter last year. As a group, research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid a $0.80 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.20 annualized dividend and a yield of 3.77%. Jackson Financial's dividend payout ratio is presently 310.68%.

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.