41,385 Shares in Jackson Financial Inc. (NYSE:JXN) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 41,385 shares of the company's stock, valued at approximately $3,604,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Jackson Financial as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in shares of Jackson Financial in the 4th quarter valued at $1,160,000. New York Life Investment Management LLC purchased a new position in shares of Jackson Financial in the 4th quarter valued at $689,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Jackson Financial by 22.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 109,839 shares of the company's stock valued at $9,565,000 after acquiring an additional 19,934 shares during the period. Barclays PLC increased its holdings in shares of Jackson Financial by 251.6% in the 3rd quarter. Barclays PLC now owns 134,001 shares of the company's stock valued at $12,223,000 after acquiring an additional 95,893 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 acquiring an additional 28,337 shares during the period. 89.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on 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 target price on Jackson Financial and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Barclays boosted their target price on Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One equities research 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $94.80.

Insider Activity

In other news, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the transaction, the chief executive officer now owns 85,276 shares of the company's stock, valued at $7,199,852.68. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction dated 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 directly owns 116,423 shares of the company's stock, valued at approximately $8,093,726.96. This trade represents 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.

Jackson Financial Stock Performance

Jackson Financial stock traded down $0.76 during trading hours on Wednesday, hitting $83.68. 106,392 shares of the stock traded hands, compared to its average volume of 755,997. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The firm's 50 day moving average price is $79.27 and its 200-day moving average price is $86.87. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 7.31 and a beta of 1.50. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly 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 firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.23 EPS. As a group, equities analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid 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 yield of 3.82%. Jackson Financial's payout ratio is presently 310.68%.

Jackson Financial Company 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.