Jackson Financial Inc. (NYSE:JXN) Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors lowered its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 190,632 shares of the company's stock after selling 5,228 shares during the period. Jackson Financial makes up about 2.1% of Ibex Wealth Advisors' portfolio, making the stock its 10th largest position. Ibex Wealth Advisors owned approximately 0.26% of Jackson Financial worth $15,971,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JXN. Proficio Capital Partners LLC acquired a new stake in shares of Jackson Financial in the fourth quarter valued at about $1,160,000. New York Life Investment Management LLC purchased a new stake in shares of Jackson Financial during the fourth quarter worth $689,000. Charles Schwab Investment Management Inc. lifted its stake in Jackson Financial by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock worth $93,980,000 after acquiring an additional 28,337 shares during the last quarter. Deutsche Bank AG lifted its stake 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. Finally, Stratos Wealth Partners LTD. lifted its position in Jackson Financial by 35.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,578 shares of the company's stock valued at $1,269,000 after acquiring an additional 3,834 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Down 0.5%

NYSE:JXN traded down $0.46 during trading hours on Wednesday, reaching $83.77. The company's stock had a trading volume of 601,990 shares, compared to its average volume of 760,280. The business's 50-day moving average is $79.56 and its 200-day moving average is $86.26. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $115.22. 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 company has a market cap of $5.98 billion, a price-to-earnings ratio of 7.32 and a beta of 1.47.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 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 period in the prior year, the company posted $4.23 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

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 paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is currently 310.68%.

Insider Transactions at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on JXN. Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 13th. Morgan Stanley set a $91.00 target price on shares of Jackson Financial and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Barclays increased 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Jackson Financial currently 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.