Jackson Financial Inc. (NYSE:JXN) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 45.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,421 shares of the company's stock after selling 6,065 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Jackson Financial were worth $622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JXN. IFP Advisors Inc grew its holdings in Jackson Financial by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock worth $234,000 after purchasing an additional 180 shares during the last quarter. New York Life Investment Management LLC purchased a new stake in shares of Jackson Financial during the fourth quarter valued at $689,000. Proficio Capital Partners LLC purchased a new stake in shares of Jackson Financial during the fourth quarter valued at $1,160,000. QRG Capital Management Inc. grew its holdings in shares of Jackson Financial by 2.8% during the fourth quarter. QRG Capital Management Inc. now owns 9,111 shares of the company's stock valued at $793,000 after buying an additional 246 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Jackson Financial during the fourth quarter valued at $44,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JXN has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the company 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 company an "equal weight" rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods boosted their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $94.80.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 116,423 shares in the company, valued at approximately $8,093,726.96. This represents a 15.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company's stock.

Jackson Financial Stock Performance

NYSE:JXN traded up $0.84 during mid-day trading on Friday, hitting $88.96. The company's stock had a trading volume of 255,647 shares, compared to its average volume of 755,124. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 86.37 and a beta of 1.47. The business's fifty day moving average is $84.06 and its two-hundred day moving average is $85.07.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.93 by $0.17. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. 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 earned $4.23 earnings per share. The firm's revenue was down .6% on a year-over-year basis. Analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Thursday, June 12th. Jackson Financial's payout ratio is 310.68%.

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.