KBC Group NV Sells 33,512 Shares of Jackson Financial Inc. (NYSE:JXN)

KBC Group NV lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 91.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,321 shares of the company's stock after selling 33,512 shares during the quarter. KBC Group NV's holdings in Jackson Financial were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JXN. Highland Capital Management LLC purchased a new stake in Jackson Financial in the first quarter worth $216,000. International Assets Investment Management LLC grew its stake in Jackson Financial by 16.8% in the first quarter. International Assets Investment Management LLC now owns 11,727 shares of the company's stock worth $983,000 after purchasing an additional 1,688 shares during the period. Asset Management One Co. Ltd. grew its stake in Jackson Financial by 25.2% in the first quarter. Asset Management One Co. Ltd. now owns 19,908 shares of the company's stock worth $1,668,000 after purchasing an additional 4,004 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Jackson Financial by 69.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,014 shares of the company's stock worth $336,000 after purchasing an additional 1,652 shares during the period. Finally, HWG Holdings LP purchased a new stake in Jackson Financial in the first quarter worth $72,000. Institutional investors own 89.96% of the company's stock.

Insider Buying and Selling at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 116,423 shares in the company, valued at $8,093,726.96. This represents a 15.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

Jackson Financial Stock Performance

JXN traded up $0.84 during midday trading on Friday, hitting $88.96. 255,647 shares of the company traded hands, compared to its average volume of 756,029. 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 firm has a market capitalization of $6.36 billion, a PE ratio of 86.37 and a beta of 1.47. The company's 50-day moving average is $84.06 and its 200 day moving average is $85.07. 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 (EPS) for the quarter, beating the consensus estimate of $4.93 by $0.17. The business 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%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JXN. Morgan Stanley set a $91.00 price target on Jackson Financial and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Barclays increased their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Jackson Financial currently has an average rating of "Hold" and a consensus target price of $94.80.

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.