Price T Rowe Associates Inc. MD Has $163.17 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

Price T Rowe Associates Inc. MD lowered its position in shares of Jackson Financial Inc. (NYSE:JXN) by 20.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,466,990 shares of the company’s stock after selling 629,850 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Jackson Financial were worth $163,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of JXN. GAMMA Investing LLC lifted its holdings in shares of Jackson Financial by 47.0% during the first quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after buying an additional 154 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Jackson Financial during the fourth quarter worth $36,000. Headlands Technologies LLC acquired a new stake in shares of Jackson Financial during the fourth quarter worth $38,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Jackson Financial during the fourth quarter worth $57,000. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Jackson Financial by 113.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,297 shares of the company’s stock worth $66,000 after buying an additional 688 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore ISI dropped their price target on Jackson Financial from $75.00 to $73.00 and set an “in-line” rating for the company in a research note on Wednesday, June 26th. Jefferies Financial Group boosted their price target on Jackson Financial from $62.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, June 28th. Keefe, Bruyette & Woods downgraded Jackson Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $75.00 to $80.00 in a research note on Tuesday, May 14th. Finally, Morgan Stanley boosted their price target on Jackson Financial from $82.00 to $84.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, Jackson Financial has a consensus rating of “Hold” and a consensus target price of $70.80.

Jackson Financial Price Performance

NYSE JXN traded down $0.57 during trading on Monday, hitting $87.27. 129,210 shares of the company’s stock were exchanged, compared to its average volume of 746,691. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The company has a market cap of $6.66 billion, a PE ratio of 2.32 and a beta of 1.51. Jackson Financial Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $88.70. The stock’s 50 day moving average price is $76.32 and its two-hundred day moving average price is $66.01.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.67 by $0.56. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.67 billion. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.15 EPS. Research analysts expect that Jackson Financial Inc. will post 17.33 EPS for the current year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, June 6th. Jackson Financial’s payout ratio is 7.40%.

Insiders Place Their Bets

In other Jackson Financial news, CFO Don W. Cummings bought 1,445 shares of the stock in a transaction on Wednesday, June 5th. The stock was purchased at an average price of $72.70 per share, with a total value of $105,051.50. Following the completion of the purchase, the chief financial officer now owns 45,711 shares in the company, valued at $3,323,189.70. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Devkumar Dilip Ganguly sold 13,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $75.67, for a total transaction of $983,710.00. Following the sale, the chief operating officer now directly owns 93,405 shares in the company, valued at $7,067,956.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Don W. Cummings purchased 1,445 shares of Jackson Financial stock in a transaction dated Wednesday, June 5th. The shares were purchased at an average price of $72.70 per share, for a total transaction of $105,051.50. Following the completion of the acquisition, the chief financial officer now owns 45,711 shares of the company’s stock, valued at approximately $3,323,189.70. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

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.