Jackson Financial Inc. (NYSE:JXN) CEO Sells $591,010.00 in Stock

Jackson Financial Inc. (NYSE:JXN) CEO Scott Romine sold 7,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jackson Financial Stock Performance

NYSE JXN traded down $3.22 during trading on Monday, hitting $81.26. The company’s stock had a trading volume of 1,075,667 shares, compared to its average volume of 679,512. Jackson Financial Inc. has a 52 week low of $58.02 and a 52 week high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market cap of $6.00 billion, a P/E ratio of 7.10 and a beta of 1.48. The firm has a 50 day moving average price of $90.46 and a 200 day moving average price of $93.02.

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

Jackson Financial Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.94%. Jackson Financial’s dividend payout ratio (DPR) is 27.95%.

Hedge Funds Weigh In On Jackson Financial

Several large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Jackson Financial during the 4th quarter worth approximately $26,000. Quarry LP acquired a new stake in Jackson Financial during the fourth quarter worth $28,000. World Investment Advisors LLC bought a new stake in Jackson Financial in the 3rd quarter valued at $31,000. SBI Securities Co. Ltd. bought a new position in shares of Jackson Financial during the 4th quarter worth approximately $44,000. Finally, Blue Trust Inc. lifted its holdings in shares of Jackson Financial by 114.5% during the fourth quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after acquiring an additional 426 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JXN. Keefe, Bruyette & Woods upped their target price 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 stock an “overweight” rating in a research note on Thursday, February 20th. Finally, Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price objective 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 assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and an average target price of $97.40.

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.