Jackson Financial Inc. (NYSE:JXN) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,557,652 shares of the company’s stock after selling 3,372 shares during the quarter. American Century Companies Inc.’s holdings in Jackson Financial were worth $135,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JXN. Empowered Funds LLC bought a new position in shares of Jackson Financial in the fourth quarter valued at approximately $26,000. World Investment Advisors LLC bought a new stake in Jackson Financial during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in Jackson Financial in the fourth quarter worth approximately $44,000. Blue Trust Inc. boosted its stake in Jackson Financial by 114.5% during the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after purchasing an additional 426 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Jackson Financial during the 4th quarter valued at $126,000. 89.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JXN has been the subject of several research analyst reports. Barclays upped their price objective on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods upped their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Jackson Financial presently has a consensus rating of “Hold” and an average price target of $97.40.

Insiders Place Their Bets

In related news, CEO Scott Romine sold 7,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 85,276 shares of the company’s stock, 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. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Trading Up 1.2 %

Shares of NYSE JXN opened at $85.31 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 12 month low of $62.81 and a 12 month high of $115.22. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 7.45 and a beta of 1.48. The business has a fifty day simple moving average of $89.38 and a 200-day simple moving average of $92.73.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Sell-side analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were paid a $0.80 dividend. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 3.75%. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

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.