Jackson Financial Inc. (NYSE:JXN) Position Lowered by Carson Advisory Inc.

Carson Advisory Inc. cut its position in Jackson Financial Inc. (NYSE:JXN) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,880 shares of the company’s stock after selling 1,498 shares during the period. Jackson Financial accounts for 1.7% of Carson Advisory Inc.’s investment portfolio, making the stock its 10th largest holding. Carson Advisory Inc. owned approximately 0.05% of Jackson Financial worth $2,195,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Jackson Financial by 16.1% in the 3rd quarter. Vanguard Group Inc. now owns 10,933,228 shares of the company’s stock valued at $417,868,000 after buying an additional 1,518,547 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Jackson Financial by 45,699.9% during the 3rd quarter. Hsbc Holdings PLC now owns 3,241,261 shares of the company’s stock worth $124,043,000 after purchasing an additional 3,234,184 shares during the period. Donald Smith & CO. Inc. boosted its stake in Jackson Financial by 36.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,979,189 shares of the company’s stock worth $101,334,000 after purchasing an additional 528,976 shares during the period. Bank of New York Mellon Corp boosted its stake in Jackson Financial by 38.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,129,288 shares of the company’s stock worth $43,161,000 after purchasing an additional 316,158 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Jackson Financial by 38.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 985,691 shares of the company’s stock worth $37,673,000 after purchasing an additional 273,422 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Price Performance

Shares of JXN traded up $0.32 during trading hours on Thursday, reaching $69.42. The company had a trading volume of 532,099 shares, compared to its average volume of 805,941. The firm has a 50 day simple moving average of $62.97 and a 200-day simple moving average of $52.83. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 7.04 and a beta of 1.54. Jackson Financial Inc. has a 12-month low of $26.70 and a 12-month high of $70.97.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($1.00). The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.40 billion. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $5.66 EPS. Research analysts expect that Jackson Financial Inc. will post 15.95 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 12th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Monday, March 11th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.62. Jackson Financial’s dividend payout ratio (DPR) is currently 28.54%.

Insider Activity

In other Jackson Financial news, Director Derek G. Kirkland bought 3,500 shares of the company’s stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the acquisition, the director now owns 37,726 shares of the company’s stock, valued at approximately $2,100,206.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Jackson Financial from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Evercore ISI raised their target price on shares of Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. The Goldman Sachs Group raised their target price on shares of Jackson Financial from $39.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Finally, Morgan Stanley raised their target price on shares of Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Jackson Financial currently has a consensus rating of “Hold” and an average price target of $61.80.

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.