Kera Capital Partners Inc. Sells 33,071 Shares of Jackson Financial Inc. (NYSE:JXN)

Kera Capital Partners Inc. trimmed its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 44.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,571 shares of the company's stock after selling 33,071 shares during the period. Kera Capital Partners Inc. owned approximately 0.06% of Jackson Financial worth $3,483,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of JXN. Norges Bank acquired a new position in shares of Jackson Financial during the 4th quarter valued at $98,767,000. First Trust Advisors LP increased its stake in Jackson Financial by 13.4% in the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock valued at $360,036,000 after purchasing an additional 487,803 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Jackson Financial by 286.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 566,916 shares of the company's stock valued at $49,367,000 after purchasing an additional 420,245 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Jackson Financial during the fourth quarter valued at about $27,193,000. Finally, Victory Capital Management Inc. boosted its position in shares of Jackson Financial by 196.4% during the 4th quarter. Victory Capital Management Inc. now owns 447,245 shares of the company's stock worth $38,946,000 after purchasing an additional 296,367 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Insiders Place Their Bets

In related news, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the transaction, the chief executive officer now 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. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley set a $91.00 target price on Jackson Financial and gave the company an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday, May 13th. Finally, Barclays boosted their price objective on Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Jackson Financial presently has an average rating of "Hold" and a consensus price target of $94.80.

Jackson Financial Stock Down 1.2%

Shares of NYSE:JXN traded down $0.99 during midday trading on Friday, hitting $81.82. 950,022 shares of the company's stock were exchanged, compared to its average volume of 754,290. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $115.22. The company has a market cap of $5.85 billion, a PE ratio of 7.15 and a beta of 1.50. The stock has a 50 day moving average price of $79.40 and a 200-day moving average price of $87.25.

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

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Thursday, June 12th. Jackson Financial's payout ratio is 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.