Allspring Global Investments Holdings LLC decreased its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,102 shares of the company's stock after selling 4,728 shares during the period. Allspring Global Investments Holdings LLC owned about 0.14% of Jackson Financial worth $8,879,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of JXN. Quarry LP bought a new stake in shares of Jackson Financial in the 4th quarter worth $28,000. NBC Securities Inc. bought a new stake in shares of Jackson Financial in the 1st quarter worth $37,000. SBI Securities Co. Ltd. purchased a new stake in shares of Jackson Financial during the 4th quarter valued at about $44,000. Versant Capital Management Inc boosted its holdings in shares of Jackson Financial by 161.9% during the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after acquiring an additional 340 shares during the last quarter. Finally, HWG Holdings LP purchased a new stake in shares of Jackson Financial during the 1st quarter valued at about $72,000. Institutional investors own 89.96% of the company's stock.
Insider Transactions at Jackson Financial
In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the business'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 owned 116,423 shares of the company's stock, valued at approximately $8,093,726.96. The trade was a 15.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company's stock.
Jackson Financial Stock Performance
Shares of JXN traded up $0.84 on Friday, reaching $88.96. The company's stock had a trading volume of 255,647 shares, compared to its average volume of 755,124. 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 stock has a market capitalization of $6.36 billion, a P/E ratio of 86.37 and a beta of 1.47. The stock's 50 day simple moving average is $84.06 and its two-hundred day simple moving average is $85.07. 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 posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, topping 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. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.23 earnings per share. Research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.
Jackson Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Thursday, June 12th. Jackson Financial's dividend payout ratio is presently 310.68%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on JXN shares. Barclays raised their price target on shares of Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley set a $91.00 price objective on Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Jackson Financial currently has an average rating of "Hold" and a consensus target price of $94.80.
Check Out Our Latest Report on JXN
About Jackson Financial
(
Free Report)
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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