Jackson Financial Inc. (NYSE:JXN) Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC trimmed its position in Jackson Financial Inc. (NYSE:JXN) by 44.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,359 shares of the company’s stock after selling 2,732 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Jackson Financial were worth $293,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd lifted its stake in shares of Jackson Financial by 300.0% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company’s stock valued at $1,460,000 after buying an additional 12,000 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of Jackson Financial during the 3rd quarter worth $897,000. Assetmark Inc. increased its stake in Jackson Financial by 7.9% in the third quarter. Assetmark Inc. now owns 91,641 shares of the company’s stock valued at $8,360,000 after purchasing an additional 6,724 shares during the last quarter. World Investment Advisors LLC purchased a new position in Jackson Financial during the third quarter worth about $31,000. Finally, Versor Investments LP lifted its position in Jackson Financial by 145.1% during the third quarter. Versor Investments LP now owns 17,710 shares of the company’s stock worth $1,616,000 after buying an additional 10,483 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Up 1.2 %

Shares of NYSE:JXN opened at $96.40 on Thursday. Jackson Financial Inc. has a 1 year low of $48.00 and a 1 year high of $115.22. The stock has a 50-day simple moving average of $92.69 and a 200-day simple moving average of $91.62. 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 stock has a market capitalization of $7.12 billion, a P/E ratio of -7.63 and a beta of 1.46.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $3.80 EPS. Equities analysts forecast that Jackson Financial Inc. will post 18.85 earnings per share for the current year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Thursday, December 5th. Jackson Financial’s dividend payout ratio (DPR) is -22.15%.

Insiders Place Their Bets

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the transaction, the director now owns 32,023 shares in the company, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

JXN has been the topic of several recent analyst reports. Barclays cut their price objective on shares of 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 lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price target for the company from $74.00 to $95.00 in a report on Thursday, November 14th. 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, the stock has a consensus rating of “Hold” and a consensus 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.