Schroder Investment Management Group Lowers Holdings in Jackson Financial Inc. (NYSE:JXN)

Schroder Investment Management Group lowered its position in shares of Jackson Financial Inc. (NYSE:JXN) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,133 shares of the company’s stock after selling 11,142 shares during the period. Schroder Investment Management Group’s holdings in Jackson Financial were worth $7,209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in JXN. Cerity Partners LLC increased its position in Jackson Financial by 84.8% during the 3rd quarter. Cerity Partners LLC now owns 8,022 shares of the company’s stock valued at $732,000 after purchasing an additional 3,681 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Jackson Financial by 9.6% during the third quarter. The Manufacturers Life Insurance Company now owns 48,918 shares of the company’s stock valued at $4,463,000 after buying an additional 4,290 shares during the period. FMR LLC raised its stake in Jackson Financial by 106.0% in the third quarter. FMR LLC now owns 174,505 shares of the company’s stock worth $15,920,000 after buying an additional 89,798 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Jackson Financial by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 3,362 shares of the company’s stock worth $307,000 after buying an additional 411 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Jackson Financial by 0.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 172,117 shares of the company’s stock valued at $15,702,000 after acquiring an additional 757 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Transactions at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, February 28th. Barclays increased their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. 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. According to data from MarketBeat, Jackson Financial currently has an average rating of “Hold” and a consensus price target of $97.40.

Jackson Financial Stock Down 7.7 %

Shares of JXN stock opened at $70.18 on Friday. The stock’s fifty day moving average price is $87.63 and its 200 day moving average price is $92.69. 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 Inc. has a 1-year low of $62.81 and a 1-year high of $115.22. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 6.13 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. On average, research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were issued a $0.80 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.56%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. 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.