ProShare Advisors LLC Has $1.97 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

ProShare Advisors LLC raised its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 41.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,579 shares of the company's stock after acquiring an additional 6,668 shares during the period. ProShare Advisors LLC's holdings in Jackson Financial were worth $1,966,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in Jackson Financial by 13.4% in the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock valued at $360,036,000 after acquiring an additional 487,803 shares in the last quarter. Geode Capital Management LLC raised its holdings in Jackson Financial by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company's stock valued at $188,522,000 after acquiring an additional 13,362 shares in the last quarter. Norges Bank acquired a new position in Jackson Financial in the 4th quarter valued at approximately $98,767,000. Jacobs Levy Equity Management Inc. raised its holdings in Jackson Financial by 0.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock valued at $94,305,000 after acquiring an additional 4,987 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Jackson Financial by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock valued at $93,980,000 after purchasing an additional 28,337 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

JXN has been the topic of several analyst reports. Morgan Stanley upped their price objective on Jackson Financial from $68.00 to $91.00 and gave the company an "equal weight" rating in a research note on Monday. Keefe, Bruyette & Woods upped 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 upped their price objective on Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Jackson Financial has a consensus rating of "Hold" and a consensus target price of $94.80.

Jackson Financial Stock Down 0.3%

NYSE JXN opened at $85.05 on Wednesday. The firm has a market cap of $6.18 billion, a PE ratio of 7.43 and a beta of 1.50. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $115.22. The stock's 50 day simple moving average is $79.89 and its 200 day simple moving average is $88.55. 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 (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, topping analysts' consensus estimates of $4.93 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. The firm's revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $4.23 earnings per share. As a group, sell-side 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 given a dividend of $0.80 per share. The ex-dividend date is Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a yield of 3.76%. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

Insider Buying and Selling

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the stock in a transaction on Friday, March 7th. The stock was 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 in the company, valued at approximately $7,199,852.68. This trade represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction 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 in the company, valued at $8,093,726.96. The trade was a 15.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.