Jackson Financial Inc. (NYSE:JXN) Stock Holdings Lessened by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,768 shares of the company’s stock after selling 315 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jackson Financial were worth $1,373,000 as of its most recent SEC filing.

Other large investors have also 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 valued at $26,000. World Investment Advisors LLC acquired a new stake in Jackson Financial during the third quarter valued at $31,000. SBI Securities Co. Ltd. purchased a new position in Jackson Financial in the fourth quarter valued at about $44,000. Blue Trust Inc. increased its position in Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock worth $69,000 after purchasing an additional 426 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Jackson Financial during the 4th quarter worth about $126,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays increased their price objective on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $97.40.

Jackson Financial Stock Up 0.4 %

JXN opened at $88.75 on Wednesday. Jackson Financial Inc. has a twelve month low of $62.81 and a twelve month high of $115.22. 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 business has a 50 day moving average price of $89.44 and a 200 day moving average price of $92.81. The firm has a market cap of $6.45 billion, a P/E ratio of 7.75 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.81 billion. Research analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were paid a $0.80 dividend. The ex-dividend date was Tuesday, March 11th. 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 3.61%. Jackson Financial’s payout ratio is presently 27.95%.

Insider Buying and Selling

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 85,276 shares of the company’s stock, valued at $7,199,852.68. The trade was a 7.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by 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.