Swiss National Bank Sells 1,000 Shares of Jackson Financial Inc. (NYSE:JXN)

Swiss National Bank lessened its position in shares of Jackson Financial Inc. (NYSE:JXN) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,000 shares of the company’s stock after selling 1,000 shares during the period. Swiss National Bank owned approximately 0.20% of Jackson Financial worth $12,888,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in JXN. Atria Investments Inc grew its holdings in Jackson Financial by 35.7% in the 3rd quarter. Atria Investments Inc now owns 5,446 shares of the company’s stock valued at $497,000 after buying an additional 1,433 shares in the last quarter. KBC Group NV boosted its position in shares of Jackson Financial by 36.7% in the third quarter. KBC Group NV now owns 2,309 shares of the company’s stock valued at $211,000 after acquiring an additional 620 shares during the period. CIBC Asset Management Inc grew its stake in shares of Jackson Financial by 4.8% in the third quarter. CIBC Asset Management Inc now owns 7,197 shares of the company’s stock valued at $657,000 after acquiring an additional 331 shares in the last quarter. Natixis Advisors LLC increased its position in Jackson Financial by 10.9% during the third quarter. Natixis Advisors LLC now owns 16,556 shares of the company’s stock worth $1,510,000 after acquiring an additional 1,621 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in Jackson Financial by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock worth $1,032,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $84.20 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $6.12 billion, a PE ratio of 7.35 and a beta of 1.48. The firm has a 50 day moving average of $89.45 and a 200-day moving average of $92.71. Jackson Financial Inc. has a 12 month low of $62.17 and a 12 month high of $115.22.

Jackson Financial (NYSE:JXN) last issued its earnings results 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 analysts’ expectations of $1.81 billion. On average, equities research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a $0.80 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is presently 27.95%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on JXN shares. Barclays raised 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, February 20th. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $97.40.

Insider Activity at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of the stock in a transaction on 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 directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

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.