South Dakota Investment Council Sells 4,015 Shares of Jackson Financial Inc. (NYSE:JXN)

South Dakota Investment Council lowered its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 25.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,915 shares of the company’s stock after selling 4,015 shares during the period. South Dakota Investment Council’s holdings in Jackson Financial were worth $1,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Creative Planning raised its stake in Jackson Financial by 10.2% during the third quarter. Creative Planning now owns 4,041 shares of the company’s stock worth $369,000 after acquiring an additional 373 shares in the last quarter. Blue Trust Inc. increased its position in Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after purchasing an additional 260 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Jackson Financial during the 3rd quarter worth approximately $244,000. Private Advisor Group LLC lifted its stake in Jackson Financial by 10.5% in the 3rd quarter. Private Advisor Group LLC now owns 16,537 shares of the company’s stock valued at $1,509,000 after purchasing an additional 1,575 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position 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 valued at $85,942,000 after buying an additional 932,085 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the acquisition, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Jackson Financial Price Performance

JXN stock opened at $81.63 on Monday. The company has a market capitalization of $6.03 billion, a P/E ratio of 7.13 and a beta of 1.47. The company has a fifty day moving average price of $90.93 and a 200-day moving average price of $92.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a 52-week low of $48.00 and a 52-week high of $115.22.

Jackson Financial (NYSE:JXN) last announced its earnings results 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 company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, equities analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be paid a $0.80 dividend. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s payout ratio is currently 24.45%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays upped their target price on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $92.80.

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.