Nisa Investment Advisors LLC Sells 117,886 Shares of Jackson Financial Inc. (NYSE:JXN)

Nisa Investment Advisors LLC reduced its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 52.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 108,532 shares of the company's stock after selling 117,886 shares during the quarter. Nisa Investment Advisors LLC owned 0.15% of Jackson Financial worth $9,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JXN. Quarry LP purchased a new position in shares of Jackson Financial in the 4th quarter worth about $28,000. NBC Securities Inc. purchased a new stake in Jackson Financial during the first quarter valued at about $37,000. Versant Capital Management Inc lifted its holdings in Jackson Financial by 161.9% during the first quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after purchasing an additional 340 shares during the last quarter. HWG Holdings LP purchased a new stake in Jackson Financial during the first quarter valued at about $72,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Jackson Financial during the fourth quarter valued at about $79,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Price Performance

Shares of JXN stock traded down $0.75 during trading on Friday, hitting $87.14. The company had a trading volume of 329,420 shares, compared to its average volume of 754,207. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43. The stock's 50-day moving average is $84.92 and its two-hundred day moving average is $85.07. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 4.47 and a beta of 1.47. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22.

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 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 analysts' expectations of $1.80 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. Jackson Financial's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.23 earnings per share. As a group, analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is 310.68%.

Analyst Upgrades and Downgrades

JXN has been the topic of several recent research reports. Morgan Stanley set a $91.00 price objective on shares of Jackson Financial and gave the company an "equal weight" rating in a report on Monday, May 19th. Barclays upped their price objective on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Monday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Jackson Financial from $100.00 to $102.00 and gave the company a "market perform" rating in a report on Wednesday. One investment 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 data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $96.40.

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.