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Petra Financial Advisors Inc. Sells 5,012 Shares of Jackson Financial Inc. (NYSE:JXN)

Jackson Financial logo with Finance background

Petra Financial Advisors Inc. reduced its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 62.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,059 shares of the company's stock after selling 5,012 shares during the quarter. Petra Financial Advisors Inc.'s holdings in Jackson Financial were worth $256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Jackson Financial during the 4th quarter worth approximately $1,160,000. New York Life Investment Management LLC acquired a new position in shares of Jackson Financial in the fourth quarter valued at $689,000. Deutsche Bank AG raised its position in shares of Jackson Financial by 48.9% in the fourth quarter. Deutsche Bank AG now owns 65,617 shares of the company's stock valued at $5,714,000 after purchasing an additional 21,556 shares during the period. SG Americas Securities LLC lifted its stake in shares of Jackson Financial by 670.0% during the 1st quarter. SG Americas Securities LLC now owns 15,393 shares of the company's stock worth $1,290,000 after buying an additional 13,394 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Jackson Financial by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock worth $93,980,000 after buying an additional 28,337 shares during the period. 89.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on JXN. Keefe, Bruyette & Woods increased 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. Morgan Stanley set a $91.00 price target on Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, Barclays upped 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 given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $94.80.

Get Our Latest Stock Analysis on JXN

Jackson Financial Stock Performance

Shares of JXN traded up $1.77 during mid-day trading on Tuesday, hitting $86.67. 679,675 shares of the company's stock were exchanged, compared to its average volume of 755,071. 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 cap of $6.19 billion, a price-to-earnings ratio of 84.15 and a beta of 1.47. The stock's 50-day simple moving average is $81.35 and its 200-day simple moving average is $85.18. 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 announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.80 billion. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.23 EPS. On average, equities research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.69%. Jackson Financial's dividend payout ratio is currently 310.68%.

Insider Activity at Jackson Financial

In related 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 completion of the transaction, the chief executive officer now owns 116,423 shares of the company's stock, 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 currently owned by insiders.

About Jackson Financial

(Free Report)

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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Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

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