UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Jackson Financial Inc. (NYSE:JXN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,456 shares of the company's stock after purchasing an additional 31,339 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Jackson Financial worth $17,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of JXN. Barclays PLC boosted its holdings in Jackson Financial by 251.6% in the 3rd quarter. Barclays PLC now owns 134,001 shares of the company's stock valued at $12,223,000 after purchasing an additional 95,893 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Jackson Financial by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock worth $4,416,000 after acquiring an additional 168 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Jackson Financial by 108.1% in the 4th quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after acquiring an additional 402 shares during the last quarter. KBC Group NV lifted its holdings in shares of Jackson Financial by 1,495.2% in the 4th quarter. KBC Group NV now owns 36,833 shares of the company's stock worth $3,207,000 after acquiring an additional 34,524 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Jackson Financial in the 4th quarter worth approximately $126,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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 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 represents a 15.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Scott Romine sold 7,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Jackson Financial Stock Down 1.2%

Jackson Financial stock traded down $0.99 during mid-day trading on Friday, reaching $81.82. 950,022 shares of the company's stock were exchanged, compared to its average volume of 754,296. The company has a market cap of $5.85 billion, a P/E ratio of 7.15 and a beta of 1.50. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $79.40 and a 200-day moving average of $87.25.

Jackson Financial (NYSE:JXN - Get Free Report) last released its earnings results 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 business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $1.80 billion. Jackson Financial's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $4.23 earnings per share. Sell-side analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's dividend payout ratio is presently 310.68%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JXN. Barclays upped their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Morgan Stanley set a $91.00 price objective on shares of Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $94.80.

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.