Vident Advisory LLC Buys 4,381 Shares of Jackson Financial Inc. (NYSE:JXN)

Vident Advisory LLC increased its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,549 shares of the company's stock after acquiring an additional 4,381 shares during the quarter. Vident Advisory LLC owned 0.06% of Jackson Financial worth $4,141,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in Jackson Financial during the 4th quarter valued at $1,160,000. New York Life Investment Management LLC purchased a new position in Jackson Financial during the 4th quarter worth $689,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Jackson Financial by 22.2% in 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 boosted its holdings in shares of Jackson Financial by 251.6% in 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. boosted its holdings in shares of Jackson Financial by 2.7% in 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. Institutional investors own 89.96% of the company's stock.

Insider Activity

In related news, 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 transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents 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 accessible through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction that occurred on 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 sale, 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 position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

JXN has been the topic of several recent research reports. Morgan Stanley set a $91.00 price objective on shares of Jackson Financial and gave the company an "equal weight" rating in a report on Monday, May 19th. Barclays upped their price objective 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. Finally, Keefe, Bruyette & Woods upped their price objective 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. One research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $94.80.

Jackson Financial Price Performance

Shares of JXN traded down $0.36 during midday trading on Friday, hitting $80.90. 586,673 shares of the company traded hands, compared to its average volume of 751,528. The stock has a 50-day moving average of $79.79 and a 200-day moving average of $88.25. 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 $5.88 billion, a P/E ratio of 7.07 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly 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 company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company earned $4.23 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. As a group, sell-side analysts predict that Jackson Financial Inc. will post 20.55 EPS 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. Stockholders of record on Thursday, June 12th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio is presently 310.68%.

Jackson Financial 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.