Jackson Financial Inc. (NYSE:JXN) is Miller Value Partners LLC's 7th Largest Position

Miller Value Partners LLC boosted its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,370 shares of the company's stock after buying an additional 7,035 shares during the quarter. Jackson Financial makes up approximately 5.1% of Miller Value Partners LLC's portfolio, making the stock its 7th largest holding. Miller Value Partners LLC owned about 0.19% of Jackson Financial worth $11,962,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JXN. Empowered Funds LLC bought a new position in Jackson Financial during the fourth quarter valued at about $26,000. World Investment Advisors LLC bought a new position in Jackson Financial during the third quarter worth about $31,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial during the fourth quarter worth about $44,000. Blue Trust Inc. boosted its position in Jackson Financial by 114.5% during the fourth quarter. Blue Trust Inc. now owns 798 shares of the company's stock worth $69,000 after purchasing an additional 426 shares during the period. Finally, R Squared Ltd bought a new position in Jackson Financial during the fourth quarter worth about $126,000. Institutional investors own 89.96% of the company's stock.

Jackson Financial Price Performance

JXN traded down $2.16 on Wednesday, reaching $77.16. The company had a trading volume of 127,864 shares, compared to its average volume of 747,502. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 6.74 and a beta of 1.49. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The business has a 50 day simple moving average of $80.15 and a 200 day simple moving average of $90.20. 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 posted its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.81 billion. As a group, sell-side analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 4.15%. Jackson Financial's dividend payout ratio (DPR) is 27.95%.

Insider Buying and Selling

In related news, CEO Scott Romine sold 7,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at $7,199,852.68. This represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was 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 of the company's stock, valued at $8,093,726.96. This trade 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 insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on JXN shares. Barclays cut their price objective on shares of Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods cut their price objective on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley cut their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $91.40.

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.