Nuveen Asset Management LLC Sells 35,069 Shares of Jackson Financial Inc. (NYSE:JXN)

Nuveen Asset Management LLC decreased its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 532,142 shares of the company's stock after selling 35,069 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.72% of Jackson Financial worth $46,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in Jackson Financial during the fourth quarter worth about $26,000. Quarry LP acquired a new stake in Jackson Financial during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new stake in Jackson Financial during the fourth quarter worth about $44,000. Blue Trust Inc. raised its stake in Jackson Financial by 114.5% during the fourth quarter. Blue Trust Inc. now owns 798 shares of the company's stock worth $69,000 after acquiring an additional 426 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in Jackson Financial during the fourth quarter worth about $79,000. Institutional investors and hedge funds 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 firm's 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 completion of the sale, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. This trade represents a 15.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Jackson Financial Stock Performance

NYSE JXN traded down $0.36 during midday trading on Friday, hitting $80.90. The company had a trading volume of 586,673 shares, compared to its average volume of 752,772. 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 stock has a market cap of $5.88 billion, a price-to-earnings ratio of 7.07 and a beta of 1.50. The firm has a fifty day simple moving average of $79.79 and a two-hundred day simple moving average of $87.91. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last issued 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 business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $4.23 earnings per share. Jackson Financial's revenue was down .6% on a year-over-year basis. Equities analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is 310.68%.

Wall Street Analyst Weigh In

JXN has been the topic of several research reports. Morgan Stanley set a $91.00 price objective on shares of Jackson Financial and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods increased their target price 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. Finally, Barclays raised their price target on shares of Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.