Jones Financial Companies Lllp Has $339,000 Stake in Jackson Financial Inc. (NYSE:JXN)

Jones Financial Companies Lllp trimmed its stake in Jackson Financial Inc. (NYSE:JXN) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,895 shares of the company’s stock after selling 127 shares during the period. Jones Financial Companies Lllp’s holdings in Jackson Financial were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of JXN. GAMMA Investing LLC boosted its position in shares of Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after acquiring an additional 118 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Jackson Financial by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock worth $1,032,000 after buying an additional 159 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Jackson Financial by 0.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock worth $4,416,000 after buying an additional 168 shares during the last quarter. Caprock Group LLC raised its stake in shares of Jackson Financial by 4.3% during the fourth quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock worth $367,000 after buying an additional 173 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Jackson Financial by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock valued at $234,000 after purchasing an additional 180 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the sale, the chief executive officer now directly owns 85,276 shares in the company, valued at $7,199,852.68. This represents a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Price Performance

Shares of JXN opened at $81.21 on Wednesday. The firm has a market capitalization of $5.90 billion, a PE ratio of 7.09 and a beta of 1.48. The company’s 50-day moving average is $90.23 and its 200-day moving average is $92.96. Jackson Financial Inc. has a fifty-two week low of $60.00 and a fifty-two week 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 results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Equities analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.94%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JXN. Barclays boosted their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and increased their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $97.40.

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.