FORA Capital LLC Reduces Stake in Jackson Financial Inc. (NYSE:JXN)

FORA Capital LLC lessened its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,446 shares of the company's stock after selling 8,721 shares during the period. FORA Capital LLC's holdings in Jackson Financial were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of JXN. Empowered Funds LLC acquired a new position in shares of Jackson Financial in the 4th quarter valued at $26,000. Quarry LP acquired a new position in shares of Jackson Financial in the 4th quarter valued at $28,000. World Investment Advisors LLC acquired a new position in shares of Jackson Financial in the 3rd quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Jackson Financial in the 4th quarter valued at $44,000. Finally, Blue Trust Inc. lifted its stake in shares of Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company's stock valued at $69,000 after purchasing an additional 426 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Insiders Place Their Bets

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the company'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 sale, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Craig Donald Smith sold 20,607 shares of the 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 owns 116,423 shares in the company, valued at approximately $8,093,726.96. The trade was a 15.04% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JXN shares. Morgan Stanley decreased their price target on 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. Barclays boosted their price objective on Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Keefe, Bruyette & Woods cut their price objective on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Jackson Financial has an average rating of "Hold" and an average price target of $91.80.

Jackson Financial Trading Down 0.6%

Shares of JXN stock traded down $0.47 on Friday, hitting $84.37. The stock had a trading volume of 609,037 shares, compared to its average volume of 749,193. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $6.13 billion, a P/E ratio of 7.37 and a beta of 1.50. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The company's 50 day moving average price is $79.39 and its 200-day moving average price is $89.16.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.93 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter last year, the company earned $4.23 EPS. Jackson Financial's revenue for the quarter was down .6% compared to the same quarter last year. Analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, June 12th. This represents a $3.20 annualized dividend and a yield of 3.79%. Jackson Financial's dividend payout ratio (DPR) is 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.