Jackson Financial Inc. (NYSE:JXN) Shares Sold by Twinbeech Capital LP

Twinbeech Capital LP lowered its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 87.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,808 shares of the company's stock after selling 25,790 shares during the quarter. Twinbeech Capital LP's holdings in Jackson Financial were worth $332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Raiffeisen Bank International AG bought a new stake in Jackson Financial during the 4th quarter valued at $99,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Jackson Financial during the 4th quarter valued at $417,000. Point72 Hong Kong Ltd bought a new stake in Jackson Financial during the 4th quarter valued at $714,000. ProShare Advisors LLC boosted its position in shares of Jackson Financial by 41.9% in the 4th quarter. ProShare Advisors LLC now owns 22,579 shares of the company's stock worth $1,966,000 after purchasing an additional 6,668 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Jackson Financial in the 4th quarter worth $843,000. Institutional investors own 89.96% of the company's stock.

Insider Buying and Selling

In other news, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Romine sold 7,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following 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 position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Jackson Financial Trading Down 1.8%

NYSE JXN traded down $1.49 on Wednesday, reaching $82.69. The stock had a trading volume of 118,169 shares, compared to its average volume of 749,852. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 7.21 and a beta of 1.50. 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 Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. The stock has a fifty day moving average price of $79.72 and a two-hundred day moving average price of $87.69.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, topping analysts' consensus estimates of $4.93 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the prior year, the company posted $4.23 EPS. The firm's revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors 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 dividend on an annualized basis and a dividend yield of 3.87%. Jackson Financial's payout ratio is currently 310.68%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JXN shares. Keefe, Bruyette & Woods raised their price objective 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 raised 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. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $94.80.

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.