Graham Capital Management L.P. Lowers Holdings in Jackson Financial Inc. (NYSE:JXN)

Graham Capital Management L.P. decreased its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 25.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,559 shares of the company's stock after selling 4,347 shares during the quarter. Graham Capital Management L.P.'s holdings in Jackson Financial were worth $1,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Jackson Financial by 251.6% in 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. Principal Financial Group Inc. lifted its holdings in shares of Jackson Financial by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 407,104 shares of the company's stock valued at $37,140,000 after buying an additional 1,152 shares during the period. Brookstone Capital Management purchased a new position in shares of Jackson Financial in the 4th quarter worth $214,000. Assenagon Asset Management S.A. grew its holdings in shares of Jackson Financial by 586.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 180,253 shares of the company's stock worth $15,696,000 after acquiring an additional 153,992 shares during the period. Finally, Ritholtz Wealth Management increased its position in Jackson Financial by 7.1% during the fourth quarter. Ritholtz Wealth Management now owns 19,092 shares of the company's stock valued at $1,662,000 after acquiring an additional 1,270 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, May 13th. Barclays boosted their price objective 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. Finally, Morgan Stanley lifted their target price on Jackson Financial from $68.00 to $91.00 and gave the company an "equal weight" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $94.80.

Insider Buying and Selling at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction that occurred 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 directly owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. This trade represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction on 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 sale, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at $8,093,726.96. This represents 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 company insiders.

Jackson Financial Price Performance

JXN traded down $0.26 during trading on Monday, hitting $84.96. 75,784 shares of the company traded hands, compared to its average volume of 747,966. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The company has a market cap of $6.17 billion, a PE ratio of 7.42 and a beta of 1.50. The stock's 50-day simple moving average is $79.69 and its two-hundred day simple moving average is $88.67. 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 issued its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.23 EPS. As a group, sell-side analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

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 $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's dividend payout ratio is presently 310.68%.

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.