Jackson Financial Inc. (NYSE:JXN) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 14.2% during the fourth quarter, HoldingsChannel reports. The fund owned 35,212 shares of the company’s stock after selling 5,819 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Jackson Financial were worth $1,803,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in JXN. Asset Allocation Strategies LLC lifted its position in shares of Jackson Financial by 1.4% during the fourth quarter. Asset Allocation Strategies LLC now owns 17,310 shares of the company’s stock worth $886,000 after purchasing an additional 242 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Jackson Financial by 18.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,640 shares of the company’s stock worth $84,000 after buying an additional 250 shares during the last quarter. Private Trust Co. NA lifted its holdings in Jackson Financial by 10.2% during the 4th quarter. Private Trust Co. NA now owns 3,156 shares of the company’s stock worth $162,000 after buying an additional 292 shares during the last quarter. Kendall Capital Management grew its position in shares of Jackson Financial by 0.7% in the 4th quarter. Kendall Capital Management now owns 51,310 shares of the company’s stock worth $2,627,000 after acquiring an additional 360 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Jackson Financial by 5.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 9,699 shares of the company’s stock valued at $497,000 after acquiring an additional 462 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Jackson Financial news, CFO Don W. Cummings purchased 1,445 shares of the stock in a transaction dated Wednesday, June 5th. The shares were acquired 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Don W. Cummings purchased 1,445 shares of Jackson Financial stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average cost of $72.70 per share, with a total value of $105,051.50. Following the completion of the transaction, the chief financial officer now directly owns 45,711 shares of the company’s stock, valued at $3,323,189.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Devkumar Dilip Ganguly sold 13,000 shares of the firm’s stock in a transaction that occurred on 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 owns 93,405 shares of the company’s stock, valued at $7,067,956.35. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Stock Up 0.1 %

JXN opened at $71.47 on Wednesday. Jackson Financial Inc. has a one year low of $28.57 and a one year high of $81.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32. The stock’s fifty day moving average is $72.07 and its 200-day moving average is $60.60. The company has a market capitalization of $5.45 billion, a PE ratio of 1.89 and a beta of 1.54.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, May 8th. The company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.56. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.67 billion. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.15 earnings per share. On average, equities analysts predict that Jackson Financial Inc. will post 16.98 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, June 6th. Jackson Financial’s dividend payout ratio (DPR) is currently 7.40%.

Analyst Ratings Changes

A number of research firms have commented on JXN. Keefe, Bruyette & Woods downgraded shares of Jackson Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $75.00 to $80.00 in a report on Tuesday, May 14th. Evercore ISI lifted their price target on shares of Jackson Financial from $55.00 to $62.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Finally, Morgan Stanley increased their price objective on shares of Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.80.

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.