Arrowstreet Capital Limited Partnership Sells 16,433 Shares of Jackson Financial Inc. (NYSE:JXN)

Arrowstreet Capital Limited Partnership lowered its holdings in Jackson Financial Inc. (NYSE:JXN) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,430,944 shares of the company’s stock after selling 16,433 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Jackson Financial were worth $124,607,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Empowered Funds LLC acquired a new position in Jackson Financial during the 4th quarter worth about $26,000. World Investment Advisors LLC acquired a new position in shares of Jackson Financial during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Jackson Financial during the fourth quarter valued at approximately $44,000. Blue Trust Inc. increased its holdings in shares of Jackson Financial by 114.5% in the fourth 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 bought a new position in Jackson Financial in the 4th quarter worth approximately $126,000. Institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JXN. Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, February 28th. Barclays lifted their price objective on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. One 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 stock. Based on data from MarketBeat, Jackson Financial presently has an average rating of “Hold” and an average target price of $97.40.

Jackson Financial Stock Performance

Shares of Jackson Financial stock opened at $83.15 on Monday. The firm has a fifty day moving average of $89.03 and a two-hundred day moving average of $92.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 7.26 and a beta of 1.48. Jackson Financial Inc. has a 52 week low of $62.81 and a 52 week high of $115.22.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.07). The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. As a group, equities research 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 dividend of $0.80 per share. 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 annualized dividend and a yield of 3.85%. Jackson Financial’s dividend payout ratio (DPR) is presently 27.95%.

Insider Activity at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

About Jackson Financial

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.