Jackson Financial Inc. (NYSE:JXN) Shares Sold by Colonial River Investments LLC

Colonial River Investments LLC decreased its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 29.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,800 shares of the company's stock after selling 5,275 shares during the quarter. Colonial River Investments LLC's holdings in Jackson Financial were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in JXN. Proficio Capital Partners LLC acquired a new position in Jackson Financial in the fourth quarter valued at $1,160,000. New York Life Investment Management LLC acquired a new position in Jackson Financial during the fourth quarter worth approximately $689,000. Deutsche Bank AG increased its position in Jackson Financial by 48.9% during the fourth quarter. Deutsche Bank AG now owns 65,617 shares of the company's stock worth $5,714,000 after purchasing an additional 21,556 shares during the last quarter. SG Americas Securities LLC increased its position in Jackson Financial by 670.0% during the first quarter. SG Americas Securities LLC now owns 15,393 shares of the company's stock worth $1,290,000 after purchasing an additional 13,394 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Jackson Financial by 2.7% during 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 and hedge funds own 89.96% of the company's stock.

Insider Transactions at Jackson Financial

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 value of $1,432,598.64. Following the completion of the sale, the chief executive officer now directly owns 116,423 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company's stock.

Jackson Financial Stock Up 1.0%

Shares of NYSE JXN opened at $89.58 on Friday. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 86.97 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29. The stock's 50-day simple moving average is $82.59 and its 200-day simple moving average is $85.16.

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 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. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. Jackson Financial's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.23 EPS. As a group, equities analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, June 12th. Jackson Financial's payout ratio is currently 310.68%.

Wall Street Analyst Weigh In

Several research analysts recently commented on JXN shares. 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. 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. Finally, Morgan Stanley set a $91.00 price objective on Jackson Financial and gave the company an "equal weight" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Jackson Financial has a consensus rating of "Hold" and an average target price of $94.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.