Jackson Financial Inc. (NYSE:JXN) Shares Sold by RFG Advisory LLC

RFG Advisory LLC lessened its holdings in Jackson Financial Inc. (NYSE:JXN) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,698 shares of the company’s stock after selling 125 shares during the period. RFG Advisory LLC’s holdings in Jackson Financial were worth $1,454,000 at the end of the most recent reporting period.

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

Jackson Financial Price Performance

JXN opened at $92.80 on Friday. Jackson Financial Inc. has a 1 year low of $48.00 and a 1 year high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The company’s 50 day simple moving average is $92.98 and its 200 day simple moving average is $91.25. The stock has a market capitalization of $6.85 billion, a PE ratio of -7.34 and a beta of 1.46.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company earned $3.80 earnings per share. As a group, sell-side analysts expect that Jackson Financial Inc. will post 18.85 EPS for the current year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.80 annualized dividend and a yield of 3.02%. Jackson Financial’s dividend payout ratio is presently -22.15%.

Insider Transactions at Jackson Financial

In other news, Director Gregory T. Durant bought 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was acquired 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 of the company’s stock, 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 SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on JXN. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price objective for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays reduced their price target on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.40.

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.