Jackson Financial (NYSE:JXN) EVP Carrie Chelko Sells 7,500 Shares

Jackson Financial Inc. (NYSE:JXN) EVP Carrie Chelko sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $134.24, for a total value of $1,006,800.00. Following the sale, the executive vice president owned 80,914 shares of the company’s stock, valued at approximately $10,861,895.36. The trade was a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jackson Financial Stock Down 0.9%

JXN stock opened at $133.30 on Friday. Jackson Financial Inc. has a 52 week low of $88.20 and a 52 week high of $137.99. The business has a 50-day simple moving average of $113.74 and a 200 day simple moving average of $111.51. The company has a quick ratio of 0.27, a current ratio of 0.26 and a debt-to-equity ratio of 0.53. The company has a market cap of $9.30 billion, a PE ratio of 187.75 and a beta of 1.30.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Monday, August 3rd. The company reported $7.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.72 by $1.58. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.91 billion.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Jackson Financial’s dividend payout ratio is 507.04%.

Hedge Funds Weigh In On Jackson Financial

Hedge funds have recently modified their holdings of the business. Allworth Financial LP increased its holdings in Jackson Financial by 404.0% in the third quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after purchasing an additional 202 shares during the period. Rothschild Investment LLC lifted its holdings in Jackson Financial by 79.9% during the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock worth $34,000 after buying an additional 143 shares during the period. Plato Investment Management Ltd acquired a new position in Jackson Financial during the 4th quarter worth about $35,000. Advisory Services Network LLC acquired a new position in Jackson Financial during the 3rd quarter worth about $37,000. Finally, Signature Equity Partners LLC bought a new stake in shares of Jackson Financial in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Jackson Financial from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Wednesday. Barclays boosted their price objective on shares of Jackson Financial from $139.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday. Evercore set a $135.00 target price on Jackson Financial in a research note on Wednesday. Weiss Ratings raised Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Jefferies Financial Group upgraded Jackson Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $120.00 to $140.00 in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Jackson Financial currently has an average rating of “Moderate Buy” and an average price target of $133.80.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.