Jefferies Financial Group Inc. Reduces Holdings in Jackson Financial Inc. (NYSE:JXN)

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

Several other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new position in shares of Jackson Financial during the fourth quarter worth $26,000. Quarry LP purchased a new position in Jackson Financial during the 4th quarter worth $28,000. SBI Securities Co. Ltd. acquired a new position in Jackson Financial during the 4th quarter valued at about $44,000. Blue Trust Inc. raised its stake in Jackson Financial by 108.1% in the fourth quarter. Blue Trust Inc. now owns 774 shares of the company's stock valued at $71,000 after buying an additional 402 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Jackson Financial in the fourth quarter worth about $79,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

Shares of NYSE:JXN traded down $0.11 during trading on Thursday, hitting $81.27. 171,318 shares of the stock traded hands, compared to its average volume of 836,866. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 7.10 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 company has a fifty day moving average price of $79.86 and a two-hundred day moving average price of $88.50. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last posted 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 business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $4.23 earnings per share. Jackson Financial's revenue was down .6% on a year-over-year basis. As a group, equities analysts predict 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 issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's payout ratio is presently 310.68%.

Insiders Place Their Bets

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction 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 $7,199,852.68. The trade was a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 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 currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays upped 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. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Morgan Stanley upped their price objective on shares of Jackson Financial from $68.00 to $91.00 and gave the company an "equal weight" rating in a report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $94.80.

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.