Ameriprise Financial Inc. Sells 80,621 Shares of Jackson Financial Inc. (NYSE:JXN)

Ameriprise Financial Inc. trimmed its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 303,224 shares of the company's stock after selling 80,621 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.41% of Jackson Financial worth $26,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in JXN. Algert Global LLC grew its stake in shares of Jackson Financial by 523.2% during the fourth quarter. Algert Global LLC now owns 65,977 shares of the company's stock valued at $5,745,000 after purchasing an additional 55,390 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in shares of Jackson Financial by 17.2% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 6,837 shares of the company's stock valued at $595,000 after purchasing an additional 1,005 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake 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 purchasing an additional 420,245 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Jackson Financial during the fourth quarter valued at approximately $79,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Jackson Financial during the fourth quarter valued at approximately $1,130,000. 89.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on JXN. Keefe, Bruyette & Woods increased their price target on shares of Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday, May 13th. Morgan Stanley increased their price target on shares of Jackson Financial from $68.00 to $91.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Barclays increased their price target on shares of Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $94.80.

Insiders Place Their Bets

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the stock in a transaction on 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. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Jackson Financial Trading Up 0.1%

JXN stock traded up $0.05 during midday trading on Monday, reaching $85.27. The company's stock had a trading volume of 503,382 shares, compared to its average volume of 749,589. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The stock has a market cap of $6.19 billion, a PE ratio of 7.45 and a beta of 1.50. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The business's 50-day simple moving average is $79.78 and its 200-day simple moving average is $88.57.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) 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 the consensus estimate of $1.80 billion. During the same period in the previous year, the business posted $4.23 earnings per share. Jackson Financial's revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

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

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.