Deutsche Bank AG Purchases 21,556 Shares of Jackson Financial Inc. (NYSE:JXN)

Deutsche Bank AG boosted its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 48.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,617 shares of the company's stock after purchasing an additional 21,556 shares during the period. Deutsche Bank AG owned about 0.09% of Jackson Financial worth $5,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in Jackson Financial in the 4th quarter valued at about $98,767,000. First Trust Advisors LP lifted its stake in Jackson Financial by 13.4% in the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock valued at $360,036,000 after purchasing an additional 487,803 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Jackson Financial by 286.5% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 566,916 shares of the company's stock valued at $49,367,000 after purchasing an additional 420,245 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Jackson Financial in the 4th quarter valued at about $27,193,000. Finally, Victory Capital Management Inc. lifted its stake in Jackson Financial by 196.4% in the 4th quarter. Victory Capital Management Inc. now owns 447,245 shares of the company's stock valued at $38,946,000 after purchasing an additional 296,367 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JXN. Barclays raised their target price on shares of Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley raised their target price on shares of Jackson Financial from $68.00 to $91.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Jackson Financial currently has a consensus rating of "Hold" and a consensus price target of $94.80.

Jackson Financial Stock Performance

JXN stock traded down $3.70 during mid-day trading on Wednesday, hitting $81.34. 802,272 shares of the company were exchanged, compared to its average volume of 750,520. The business has a 50 day simple moving average of $79.86 and a 200-day simple moving average of $88.50. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $5.91 billion, a PE ratio of 7.10 and a beta of 1.50. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $115.22.

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

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, June 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.93%. Jackson Financial's dividend payout ratio is presently 310.68%.

Insider Transactions at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at $7,199,852.68. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

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.