Graham Capital Management L.P. Has $1.09 Million Stake in Jackson Financial Inc. (NYSE:JXN)

Graham Capital Management L.P. lowered its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 25.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of JXN. Barclays PLC grew its stake in 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 buying an additional 95,893 shares during the last quarter. Principal Financial Group Inc. grew its stake in Jackson Financial by 0.3% in 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 last quarter. Brookstone Capital Management acquired a new position in Jackson Financial in the 4th quarter valued at $214,000. Assenagon Asset Management S.A. grew its stake in Jackson Financial by 586.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 180,253 shares of the company's stock valued at $15,696,000 after buying an additional 153,992 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in Jackson Financial by 7.1% in the 4th quarter. Ritholtz Wealth Management now owns 19,092 shares of the company's stock valued at $1,662,000 after buying an additional 1,270 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

Insider Activity at Jackson Financial

In other Jackson Financial news, 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. The trade was 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 hyperlink. Also, 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 transaction of $591,010.00. Following the completion of the transaction, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

JXN has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised 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 note on Tuesday. Morgan Stanley lowered their target price on shares of Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Finally, Barclays raised their price target on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Jackson Financial currently has an average rating of "Hold" and an average target price of $93.80.

Jackson Financial Price Performance

Shares of NYSE:JXN traded down $0.00 during midday trading on Friday, reaching $85.20. 750,720 shares of the company's stock were exchanged, compared to its average volume of 750,416. The company's 50 day simple moving average is $79.69 and its two-hundred day simple moving average is $88.84. The firm has a market capitalization of $6.19 billion, a PE ratio of 7.44 and a beta of 1.50. 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 quick ratio of 0.30 and a current ratio of 0.30.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business earned $4.23 earnings per share. The company's revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share 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. Investors of record on Thursday, June 12th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.76%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio is currently 310.68%.

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.