Jackson Financial Inc. (NYSE:JXN) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. cut its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 36.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,428 shares of the company's stock after selling 3,652 shares during the period. Jefferies Financial Group Inc.'s holdings in Jackson Financial were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of JXN. Ameriflex Group Inc. purchased a new position in Jackson Financial during the 4th quarter worth approximately $250,000. Mackenzie Financial Corp raised its position in Jackson Financial by 80.0% during the 4th quarter. Mackenzie Financial Corp now owns 30,732 shares of the company's stock worth $2,676,000 after buying an additional 13,656 shares during the last quarter. Forum Financial Management LP raised its position in Jackson Financial by 27.9% during the 4th quarter. Forum Financial Management LP now owns 3,447 shares of the company's stock worth $300,000 after buying an additional 752 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Jackson Financial during the 4th quarter worth approximately $3,604,000. Finally, GTS Securities LLC purchased a new position in Jackson Financial during the 4th quarter worth approximately $206,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th. Barclays raised their price target on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley set a $91.00 target price on shares of Jackson Financial and gave the company an "equal weight" rating in a report on Monday, May 19th. One equities research 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $94.80.

Jackson Financial Stock Performance

Shares of NYSE:JXN traded up $1.81 during trading on Tuesday, hitting $84.45. 1,480,065 shares of the stock traded hands, compared to its average volume of 758,525. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 7.38 and a beta of 1.50. The company has a fifty day moving average price of $79.27 and a two-hundred day moving average price of $86.87. 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 earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.93 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. Jackson Financial's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $4.23 earnings per share. As a group, equities 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. Investors of record on Thursday, June 12th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's payout ratio is presently 310.68%.

Insider Buying and Selling

In related news, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the sale, the chief executive officer now owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. The trade was a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the sale, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at approximately $8,093,726.96. The trade was a 15.04% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

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.