Jackson Financial Inc. (NYSE:JXN) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 268,287 shares of the company's stock after selling 42,926 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.34% of Jackson Financial worth $13,729,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JXN. Daiwa Securities Group Inc. acquired a new stake in shares of Jackson Financial during the 4th quarter valued at about $36,000. Headlands Technologies LLC acquired a new stake in Jackson Financial in the fourth quarter valued at approximately $38,000. NBC Securities Inc. purchased a new stake in shares of Jackson Financial in the third quarter valued at approximately $28,000. PNC Financial Services Group Inc. increased its position in shares of Jackson Financial by 291.2% in the third quarter. PNC Financial Services Group Inc. now owns 1,025 shares of the company's stock valued at $39,000 after buying an additional 763 shares in the last quarter. Finally, Planned Solutions Inc. acquired a new position in shares of Jackson Financial during the 4th quarter worth approximately $77,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Transactions at Jackson Financial

In other news, Director Derek G. Kirkland bought 3,500 shares of the firm's stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the acquisition, the director now directly owns 37,726 shares of the company's stock, valued at approximately $2,100,206.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Jackson Financial from $52.00 to $70.00 and gave the company an "equal weight" rating in a research note on Monday, April 15th. The Goldman Sachs Group boosted their target price on shares of Jackson Financial from $39.00 to $47.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 9th. Evercore ISI raised their price target on shares of Jackson Financial from $55.00 to $62.00 and gave the company an "in-line" rating in a research note on Thursday, April 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $68.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $61.80.

Jackson Financial Price Performance

Shares of NYSE:JXN traded up $1.74 during midday trading on Friday, hitting $71.16. The company's stock had a trading volume of 482,705 shares, compared to its average volume of 669,500. Jackson Financial Inc. has a 12-month low of $26.70 and a 12-month high of $71.66. The company has a market cap of $5.51 billion, a P/E ratio of 7.25 and a beta of 1.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.33 and a current ratio of 0.33. The business's 50 day simple moving average is $63.70 and its 200 day simple moving average is $53.33.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($1.00). The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company posted $5.66 EPS. Jackson Financial's revenue was up 3.3% on a year-over-year basis. On average, analysts forecast that Jackson Financial Inc. will post 15.95 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 12th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 11th. This is an increase from Jackson Financial's previous quarterly dividend of $0.62. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.93%. Jackson Financial's dividend payout ratio (DPR) is 28.54%.

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.