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

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of JXN. First Trust Advisors LP grew its holdings in shares of Jackson Financial by 13.4% during 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. Geode Capital Management LLC boosted its stake in shares of Jackson Financial by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company's stock valued at $188,522,000 after buying an additional 13,362 shares during the last quarter. Norges Bank bought a new position in Jackson Financial during the 4th quarter valued at $98,767,000. Charles Schwab Investment Management Inc. lifted its stake in Jackson Financial by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock worth $93,980,000 after purchasing an additional 28,337 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Jackson Financial by 4.2% during the fourth quarter. Federated Hermes Inc. now owns 1,010,490 shares of the company's stock valued at $87,993,000 after buying an additional 40,828 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Stock Down 2.8%

Shares of JXN traded down $2.50 during midday trading on Wednesday, hitting $86.73. The stock had a trading volume of 358,734 shares, compared to its average volume of 746,958. The company has a 50 day simple moving average of $79.50 and a two-hundred day simple moving average of $89.09. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 7.57 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 (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, topping the consensus estimate of $4.93 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $1.80 billion. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $4.23 EPS. On average, analysts anticipate 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. Investors 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 yield of 3.69%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's dividend payout ratio is currently 310.68%.

Insider Transactions at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the transaction, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. This represents a 15.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Romine sold 7,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. 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. Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday. Finally, 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. 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $93.80.

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.