DGS Capital Management LLC Sells 1,317 Shares of Jackson Financial Inc. (NYSE:JXN)

DGS Capital Management LLC trimmed its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,924 shares of the company’s stock after selling 1,317 shares during the quarter. DGS Capital Management LLC’s holdings in Jackson Financial were worth $342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JXN. World Investment Advisors LLC bought a new stake in shares of Jackson Financial during the 3rd quarter worth about $31,000. Blue Trust Inc. lifted its position in Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after acquiring an additional 260 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Jackson Financial during the third quarter worth approximately $141,000. GAMMA Investing LLC increased its stake in shares of Jackson Financial by 114.2% during the third quarter. GAMMA Investing LLC now owns 1,660 shares of the company’s stock worth $151,000 after purchasing an additional 885 shares during the period. Finally, CWM LLC lifted its holdings in Jackson Financial by 62.0% during the 3rd quarter. CWM LLC now owns 1,660 shares of the company’s stock worth $151,000 after purchasing an additional 635 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the acquisition, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

JXN has been the topic of a number of research reports. Barclays decreased their price objective on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price target for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and a consensus target price of $92.40.

Jackson Financial Price Performance

Jackson Financial stock opened at $92.80 on Friday. The company has a market capitalization of $6.85 billion, a PE ratio of -7.34 and a beta of 1.46. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $92.98 and a two-hundred day moving average price of $91.25. Jackson Financial Inc. has a 12 month low of $48.00 and a 12 month high of $115.22.

Jackson Financial (NYSE:JXN) last posted its earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.07). The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company posted $3.80 EPS. Analysts expect that Jackson Financial Inc. will post 18.85 EPS for the current year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. Jackson Financial’s dividend payout ratio (DPR) is -22.15%.

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.