Jackson Financial Inc. (NYSE:JXN) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226,104 shares of the company's stock after selling 14,056 shares during the period. Rhumbline Advisers owned about 0.31% of Jackson Financial worth $18,943,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Summit Global Investments boosted its holdings in shares of Jackson Financial by 13.8% during the first quarter. Summit Global Investments now owns 13,605 shares of the company's stock worth $1,140,000 after purchasing an additional 1,645 shares during the period. GAMMA Investing LLC lifted its holdings in Jackson Financial by 9,833.0% in the first quarter. GAMMA Investing LLC now owns 176,608 shares of the company's stock worth $14,796,000 after buying an additional 174,830 shares during the period. Versant Capital Management Inc increased its stake in shares of Jackson Financial by 161.9% during the first quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after purchasing an additional 340 shares in the last quarter. Centaurus Financial Inc. increased its stake in shares of Jackson Financial by 4.4% during the fourth quarter. Centaurus Financial Inc. now owns 10,621 shares of the company's stock valued at $925,000 after purchasing an additional 452 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Jackson Financial during the fourth quarter valued at approximately $12,852,000. Institutional investors own 89.96% of the company's stock.

Insider Transactions at Jackson Financial

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the company'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 owns 116,423 shares in the company, valued at approximately $8,093,726.96. This represents a 15.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company's stock.

Jackson Financial Trading Down 0.4%

Shares of NYSE:JXN traded down $0.37 during trading on Monday, reaching $83.13. 567,400 shares of the company were exchanged, compared to its average volume of 760,649. The firm has a market capitalization of $5.94 billion, a PE ratio of 7.26 and a beta of 1.47. The business's fifty day simple moving average is $79.12 and its 200-day simple moving average is $86.30. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. 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 issued its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) 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 analysts' expectations of $1.80 billion. During the same period in the previous year, the business earned $4.23 earnings per share. The business's quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, June 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.85%. Jackson Financial's payout ratio is currently 310.68%.

Analyst Upgrades and Downgrades

JXN has been the subject of several analyst reports. 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 research report on Thursday, May 8th. Keefe, Bruyette & Woods lifted their price target on shares of Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley set a $91.00 price target on shares of Jackson Financial and gave the stock an "equal weight" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.