Teacher Retirement System of Texas Sells 9,924 Shares of Jackson Financial Inc. (NYSE:JXN)

Teacher Retirement System of Texas lessened its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 13.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,924 shares of the company's stock after selling 9,924 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of Jackson Financial worth $5,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of JXN. Quarry LP acquired a new stake in shares of Jackson Financial in the 4th quarter valued at $28,000. NBC Securities Inc. acquired a new stake in shares of Jackson Financial in the 1st quarter valued at $37,000. SBI Securities Co. Ltd. acquired a new stake in shares of Jackson Financial in the 4th quarter valued at $44,000. Versant Capital Management Inc increased its stake in shares of Jackson Financial by 161.9% in the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after buying an additional 340 shares during the period. Finally, HWG Holdings LP acquired a new stake in shares of Jackson Financial during the first quarter worth $72,000. Institutional investors own 89.96% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on JXN shares. Morgan Stanley set a $91.00 target price on Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Barclays lifted their target price on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Monday. One equities research 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, the company has a consensus rating of "Hold" and an average target price of $96.00.

Jackson Financial Stock Performance

Shares of Jackson Financial stock traded up $0.95 on Tuesday, hitting $88.98. The stock had a trading volume of 526,632 shares, compared to its average volume of 754,748. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The business's 50 day moving average is $84.45 and its two-hundred day moving average is $85.09. 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 has a market cap of $6.36 billion, a price-to-earnings ratio of 86.39 and a beta of 1.47.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its 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 return on equity of 15.46% and a net margin of 1.73%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business earned $4.23 earnings per share. The firm's revenue for the quarter was down .6% on a year-over-year basis. Analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.80 per share. 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 presently 310.68%.

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.