Jackson Financial Inc. (NYSE:JXN) Shares Sold by EDENTREE ASSET MANAGEMENT Ltd

EDENTREE ASSET MANAGEMENT Ltd lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the company's stock after selling 5,000 shares during the quarter. EDENTREE ASSET MANAGEMENT Ltd's holdings in Jackson Financial were worth $1,305,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its stake in Jackson Financial by 0.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after purchasing an additional 168 shares in the last quarter. Caprock Group LLC grew its position in shares of Jackson Financial by 4.3% in the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company's stock worth $367,000 after acquiring an additional 173 shares in the last quarter. IFP Advisors Inc grew its position in shares of Jackson Financial by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock worth $234,000 after acquiring an additional 180 shares in the last quarter. Axxcess Wealth Management LLC grew its position in shares of Jackson Financial by 1.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 18,048 shares of the company's stock worth $1,572,000 after acquiring an additional 193 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Jackson Financial by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,118 shares of the company's stock worth $272,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Jackson Financial Trading Down 4.3%

NYSE:JXN opened at $81.34 on Thursday. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. The firm has a market capitalization of $5.91 billion, a P/E ratio of 7.10 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. The business has a 50 day simple moving average of $79.86 and a 200 day simple moving average of $88.50.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.93 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $4.23 EPS. The company's revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a yield of 3.93%. Jackson Financial's dividend payout ratio is currently 310.68%.

Insider Activity at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. The trade was a 7.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now owns 116,423 shares of the company's stock, valued at $8,093,726.96. This trade represents a 15.04% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.

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