Jackson Financial Inc. (NYSE:JXN) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 42.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,434 shares of the company's stock after selling 18,529 shares during the period. Voya Investment Management LLC's holdings in Jackson Financial were worth $2,215,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JXN. Empowered Funds LLC purchased a new position in shares of Jackson Financial during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Jackson Financial in the 4th quarter worth approximately $44,000. Blue Trust Inc. grew its stake in shares of Jackson Financial by 108.1% during the 4th quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after acquiring an additional 402 shares during the period. R Squared Ltd purchased a new stake in shares of Jackson Financial during the 4th quarter valued at approximately $126,000. Finally, CIBC Private Wealth Group LLC raised its holdings in Jackson Financial by 904.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,486 shares of the company's stock valued at $132,000 after acquiring an additional 1,338 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Stock Up 0.6 %

NYSE JXN traded up $0.51 during midday trading on Tuesday, hitting $81.75. 424,388 shares of the company traded hands, compared to its average volume of 749,361. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The company's 50-day simple moving average is $79.77 and its 200-day simple moving average is $89.58. The company has a market cap of $5.94 billion, a PE ratio of 7.14 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 issued its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.07). The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, equities research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.80 per share. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial's payout ratio is currently 27.95%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays dropped their target price on shares of Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods cut their price objective on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Finally, Morgan Stanley cut their target price on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $91.40.

Insider Activity

In other news, CEO Scott Romine sold 7,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

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.