South Dakota Investment Council Sells 4,015 Shares of Jackson Financial Inc. (NYSE:JXN)

South Dakota Investment Council lowered its position in Jackson Financial Inc. (NYSE:JXN) by 25.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,915 shares of the company’s stock after selling 4,015 shares during the quarter. South Dakota Investment Council’s holdings in Jackson Financial were worth $1,038,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC acquired a new stake in Jackson Financial in the 4th quarter valued at about $26,000. World Investment Advisors LLC acquired a new stake in shares of Jackson Financial in the third quarter valued at approximately $31,000. Blue Trust Inc. boosted its stake in shares of Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after acquiring an additional 260 shares during the period. R Squared Ltd acquired a new position in shares of Jackson Financial during the 4th quarter worth approximately $126,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Jackson Financial in the 3rd quarter valued at $141,000. Institutional investors own 89.96% of the company’s stock.

Insider Activity at Jackson Financial

In related news, Director Gregory T. Durant purchased 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

Jackson Financial Stock Down 4.4 %

JXN stock opened at $81.63 on Monday. Jackson Financial Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 7.13 and a beta of 1.47. The business’s fifty day moving average price is $90.93 and its two-hundred day moving average price is $92.91.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, equities analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.92%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s payout ratio is presently 24.45%.

Analyst Ratings Changes

JXN has been the subject of several research reports. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price objective for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays lifted their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday. One investment 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.80.

About Jackson Financial

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.