Jackson Financial Inc. (NYSE:JXN) Holdings Decreased by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC decreased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 5.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,693 shares of the company’s stock after selling 1,235 shares during the period. Capital Investment Advisory Services LLC’s holdings in Jackson Financial were worth $1,976,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in Jackson Financial by 9,363.9% in the third quarter. International Assets Investment Management LLC now owns 942,039 shares of the company’s stock worth $85,942,000 after purchasing an additional 932,085 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Jackson Financial during the 3rd quarter worth about $40,795,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Jackson Financial by 40.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock valued at $95,874,000 after acquiring an additional 300,520 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Jackson Financial by 6,642.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock valued at $19,716,000 after acquiring an additional 223,060 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in Jackson Financial in the 4th quarter worth approximately $17,055,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JXN has been the topic of several analyst reports. Barclays lowered their price target on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.40.

Jackson Financial Price Performance

JXN opened at $96.40 on Thursday. The business has a 50 day moving average of $92.69 and a 200-day moving average of $91.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a 1-year low of $48.00 and a 1-year high of $115.22.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business posted $3.80 earnings per share. On average, equities analysts expect that Jackson Financial Inc. will post 18.85 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.80 annualized dividend and a yield of 2.90%. Jackson Financial’s dividend payout ratio is -22.15%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This represents a 4.91 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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.