Jefferies Financial Group Inc. Cuts Position in Jackson Financial Inc. (NYSE:JXN)

Jefferies Financial Group Inc. decreased its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,428 shares of the company's stock after selling 3,652 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Jackson Financial were worth $560,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JXN. Empowered Funds LLC bought a new position in Jackson Financial during the fourth quarter valued at approximately $26,000. Quarry LP purchased a new stake in shares of Jackson Financial during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Jackson Financial in the 4th quarter worth approximately $44,000. Blue Trust Inc. raised its stake in shares of Jackson Financial by 114.5% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the company's stock valued at $69,000 after acquiring an additional 426 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in Jackson Financial in the fourth quarter worth about $79,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Jackson Financial Price Performance

Jackson Financial stock traded down $0.25 during trading on Tuesday, reaching $85.05. The company had a trading volume of 615,734 shares, compared to its average volume of 749,055. The firm has a market capitalization of $6.18 billion, a PE ratio of 7.43 and a beta of 1.50. The firm's 50-day simple moving average is $79.89 and its 200 day simple moving average is $88.55. 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 1-year low of $64.70 and a 1-year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating analysts' consensus estimates of $4.93 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $1.80 billion. Jackson Financial's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.23 EPS. As a group, equities research analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

Insider Buying and Selling at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $69.52, for a total value of $1,432,598.64. Following the completion of the sale, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at $8,093,726.96. This trade represents a 15.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction that occurred on Friday, March 7th. The shares were 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 of the company's stock, valued at approximately $7,199,852.68. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Jackson Financial Company 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.