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

Lazard Asset Management LLC raised its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 195,194 shares of the company's stock after purchasing an additional 16,467 shares during the period. Lazard Asset Management LLC owned 0.26% of Jackson Financial worth $16,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its holdings in Jackson Financial by 251.6% in the third quarter. Barclays PLC now owns 134,001 shares of the company's stock valued at $12,223,000 after acquiring an additional 95,893 shares during the period. Principal Financial Group Inc. increased its stake in shares of Jackson Financial by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 407,104 shares of the company's stock worth $37,140,000 after purchasing an additional 1,152 shares in the last quarter. Brookstone Capital Management bought a new stake in Jackson Financial during the fourth quarter valued at about $214,000. Assenagon Asset Management S.A. raised its stake 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 buying an additional 153,992 shares during the period. Finally, Ritholtz Wealth Management lifted its position in shares of Jackson Financial by 7.1% during 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 in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Activity at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the sale, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial 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. This represents a 15.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Jackson Financial Stock Performance

Shares of Jackson Financial stock traded up $0.12 during trading on Monday, hitting $85.34. 100,483 shares of the company's stock were exchanged, compared to its average volume of 748,039. The business has a 50-day simple moving average of $79.69 and a 200-day simple moving average of $88.67. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 7.44 and a beta of 1.50. 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 Inc. has a 52-week low of $64.70 and a 52-week high of $115.22.

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 for the quarter, beating the consensus estimate of $4.93 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the prior year, the firm earned $4.23 EPS. Jackson Financial's revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a $0.80 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.75%. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

Analyst Ratings Changes

Several analysts recently issued reports on JXN shares. Barclays lifted their target price on Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley lifted their price target on shares of Jackson Financial from $68.00 to $91.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, May 13th. 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $94.80.

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.