B. Riley Wealth Advisors Inc. Sells 4,356 Shares of Jackson Financial Inc. (NYSE:JXN)

B. Riley Wealth Advisors Inc. cut its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 24.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,200 shares of the company's stock after selling 4,356 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Jackson Financial were worth $1,149,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

JXN has been the subject of a number of recent analyst reports. Morgan Stanley set a $91.00 target price on Jackson Financial and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Barclays boosted their price objective 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, Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday, May 13th. One 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, the company currently has an average rating of "Hold" and a consensus price target of $94.80.

Jackson Financial Stock Performance

NYSE:JXN traded up $0.60 during mid-day trading on Thursday, hitting $82.71. 482,802 shares of the company's stock traded hands, compared to its average volume of 751,934. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 7.22 and a beta of 1.50. The firm has a 50 day moving average of $79.54 and a two-hundred day moving average of $87.44. 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 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 for the quarter, beating the consensus estimate of $4.93 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. The firm's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.23 earnings per share. On average, equities 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 declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

Insiders Place Their Bets

In related 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 transaction, the chief executive officer now directly owns 116,423 shares in the company, valued at $8,093,726.96. The trade was a 15.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Scott Romine sold 7,000 shares of the company'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 value 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 approximately $7,199,852.68. This trade represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Jackson Financial Company Profile

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.