Jackson Financial Inc. (NYSE:JXN) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 42.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,100 shares of the company’s stock after selling 6,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Jackson Financial were worth $789,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in JXN. Empowered Funds LLC acquired a new stake in Jackson Financial in the fourth quarter worth about $26,000. World Investment Advisors LLC acquired a new stake in Jackson Financial in the 3rd quarter worth approximately $31,000. SBI Securities Co. Ltd. purchased a new stake in Jackson Financial during the 4th quarter worth approximately $44,000. Blue Trust Inc. increased its stake in Jackson Financial by 114.5% during the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after purchasing an additional 426 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Jackson Financial in the fourth quarter worth $126,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Trading Up 0.6 %

Shares of Jackson Financial stock opened at $83.24 on Tuesday. The stock has a market cap of $6.05 billion, a PE ratio of 7.27 and a beta of 1.48. The firm has a fifty day moving average price of $89.67 and a 200 day moving average price of $92.83. Jackson Financial Inc. has a 1 year low of $60.99 and a 1 year 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.

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

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio is currently 27.95%.

Insider Transactions at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the transaction, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. The trade was a 7.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JXN. Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, February 28th. Barclays boosted their price target on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Jackson Financial has an average rating of “Hold” and a consensus target price of $97.40.

Jackson Financial Company 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.