Jackson Financial Inc. (NYSE:JXN) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,194 shares of the company's stock after buying an additional 16,467 shares during the quarter. Lazard Asset Management LLC owned 0.26% of Jackson Financial worth $16,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Jackson Financial during the 4th quarter worth about $98,767,000. First Trust Advisors LP raised its holdings in Jackson Financial by 13.4% in the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock worth $360,036,000 after purchasing an additional 487,803 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Jackson Financial by 286.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 566,916 shares of the company's stock valued at $49,367,000 after acquiring an additional 420,245 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Jackson Financial during the fourth quarter valued at approximately $27,193,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Jackson Financial by 196.4% during the fourth quarter. Victory Capital Management Inc. now owns 447,245 shares of the company's stock valued at $38,946,000 after acquiring an additional 296,367 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Jackson Financial Stock Down 0.0%

Shares of NYSE JXN traded down $0.00 during mid-day trading on Friday, hitting $85.20. The company had a trading volume of 750,720 shares, compared to its average volume of 750,416. The company has a market capitalization of $6.19 billion, a PE ratio of 7.44 and a beta of 1.50. 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 Inc. has a 1-year low of $64.70 and a 1-year high of $115.22. The business's 50-day simple moving average is $79.69 and its 200 day simple moving average is $88.84.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business earned $4.23 earnings per share. The firm's quarterly revenue was down .6% on a year-over-year basis. On average, analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is currently 310.68%.

Insider Transactions at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the sale, the chief executive officer now owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. The trade was a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 116,423 shares in the company, valued at $8,093,726.96. This represents a 15.04% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

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.