Jackson Financial Inc. (NYSE:JXN) Shares Sold by Vest Financial LLC

Vest Financial LLC lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 69.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,074 shares of the company's stock after selling 274,291 shares during the quarter. Vest Financial LLC owned 0.17% of Jackson Financial worth $10,144,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of Jackson Financial in the 4th quarter valued at about $26,000. Quarry LP bought a new stake in Jackson Financial in the fourth quarter valued at about $28,000. NBC Securities Inc. acquired a new stake in Jackson Financial during the first quarter valued at approximately $37,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial during the 4th quarter worth approximately $44,000. Finally, Versant Capital Management Inc grew its position 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 worth $46,000 after acquiring an additional 340 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Craig Donald Smith sold 20,607 shares of the 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company's stock.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $83.37 on Friday. 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 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The business's fifty day moving average price is $79.20 and its two-hundred day moving average price is $86.60. The firm has a market capitalization of $5.96 billion, a PE ratio of 7.28 and a beta of 1.47.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.93 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. The firm's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.23 EPS. On average, research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid a $0.80 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.84%. Jackson Financial's payout ratio is currently 310.68%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JXN shares. Barclays upped their price target on Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Morgan Stanley set a $91.00 target price on shares of Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods lifted their price target 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $94.80.

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.

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