Jackson Financial Inc. (NYSE:JXN) Shares Bought by Bokf Na

Bokf Na grew its stake in Jackson Financial Inc. (NYSE:JXN) by 5.1% during the fourth quarter, HoldingsChannel reports. The firm owned 6,311 shares of the company’s stock after purchasing an additional 309 shares during the quarter. Bokf Na’s holdings in Jackson Financial were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. First Trust Advisors LP increased its stake in Jackson Financial by 13.4% in the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company’s stock valued at $360,036,000 after buying an additional 487,803 shares during the period. Geode Capital Management LLC increased its stake in shares of Jackson Financial by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company’s stock worth $188,522,000 after acquiring an additional 13,362 shares during the period. Norges Bank purchased a new position in Jackson Financial during the fourth quarter worth about $98,767,000. Charles Schwab Investment Management Inc. lifted its position in Jackson Financial by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company’s stock valued at $93,980,000 after purchasing an additional 28,337 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Jackson Financial by 4.2% in the 4th quarter. Federated Hermes Inc. now owns 1,010,490 shares of the company’s stock valued at $87,993,000 after purchasing an additional 40,828 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on JXN. Morgan Stanley decreased their price target on Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Keefe, Bruyette & Woods decreased their target price on shares of Jackson Financial from $105.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays increased their price target on shares of Jackson Financial from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $91.80.

Jackson Financial Trading Down 0.6 %

NYSE:JXN opened at $84.37 on Friday. Jackson Financial Inc. has a 52-week low of $64.70 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 stock has a fifty day simple moving average of $79.39 and a 200-day simple moving average of $89.29. The company has a market capitalization of $6.13 billion, a PE ratio of 7.37 and a beta of 1.50.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.93 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $1.80 billion. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned $4.23 EPS. On average, equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, June 12th. Jackson Financial’s payout ratio is currently 27.95%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial 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 sale, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Craig Donald Smith sold 20,607 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the completion of the sale, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. This represents a 15.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

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.