Jackson Financial Inc. (NYSE:JXN) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 71.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,342 shares of the company's stock after selling 13,655 shares during the period. Tidal Investments LLC's holdings in Jackson Financial were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JXN. Barclays PLC grew its holdings in Jackson Financial by 251.6% during the third quarter. Barclays PLC now owns 134,001 shares of the company's stock worth $12,223,000 after acquiring an additional 95,893 shares during the period. Janney Montgomery Scott LLC grew its holdings in Jackson Financial by 0.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock worth $4,416,000 after acquiring an additional 168 shares during the period. Blue Trust Inc. grew its holdings in Jackson Financial by 108.1% during the fourth quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after acquiring an additional 402 shares during the period. KBC Group NV grew its holdings in Jackson Financial by 1,495.2% during the fourth quarter. KBC Group NV now owns 36,833 shares of the company's stock worth $3,207,000 after acquiring an additional 34,524 shares during the period. Finally, R Squared Ltd acquired a new stake in Jackson Financial during the fourth quarter worth about $126,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Price Performance

Shares of NYSE JXN traded up $1.81 during midday trading on Tuesday, hitting $84.45. The stock had a trading volume of 1,480,065 shares, compared to its average volume of 758,525. The company has a market capitalization of $6.03 billion, a PE ratio of 7.38 and a beta of 1.50. The stock has a 50 day simple moving average of $79.27 and a 200-day simple moving average of $86.87. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

Jackson Financial (NYSE:JXN - Get Free Report) last released 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 firm had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $1.80 billion. The business's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $4.23 EPS. On average, sell-side analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.79%. Jackson Financial's payout ratio is 310.68%.

Analysts Set New Price Targets

A number of brokerages have issued reports on JXN. Keefe, Bruyette & Woods increased their price target on Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th. Barclays increased their price target on Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley set a $91.00 price target on Jackson Financial and gave the stock an "equal weight" rating in a research report on Monday, May 19th. 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $94.80.

Insider Buying and Selling

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the sale, the chief executive officer now owns 85,276 shares of the company's stock, valued at $7,199,852.68. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $69.52, for a total value of $1,432,598.64. Following the sale, 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. 1.60% of the stock is currently owned by company insiders.

Jackson Financial 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.