Victory Capital Management Inc. Sells 29,601 Shares of Jackson Financial Inc. (NYSE:JXN)

Victory Capital Management Inc. lessened its position in shares of Jackson Financial Inc. (NYSE:JXN) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,138 shares of the company’s stock after selling 29,601 shares during the period. Victory Capital Management Inc. owned approximately 0.28% of Jackson Financial worth $15,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in JXN. Hantz Financial Services Inc. acquired a new position in Jackson Financial during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its position in Jackson Financial by 400.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock worth $27,000 after purchasing an additional 316 shares in the last quarter. GAMMA Investing LLC increased its position in Jackson Financial by 47.0% during the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after purchasing an additional 154 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Jackson Financial during the 4th quarter worth approximately $57,000. Finally, Valued Wealth Advisors LLC acquired a new position in Jackson Financial during the 1st quarter worth approximately $66,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Up 1.6 %

NYSE:JXN opened at $83.57 on Friday. The firm’s fifty day moving average is $82.91 and its 200-day moving average is $73.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a 52 week low of $35.27 and a 52 week high of $90.10. The firm has a market cap of $6.29 billion, a P/E ratio of 2.21 and a beta of 1.50.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $5.32 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $1.00. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the company posted $3.34 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts expect that Jackson Financial Inc. will post 18.49 earnings per share for the current year.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, September 5th. Jackson Financial’s dividend payout ratio is currently 7.40%.

Analyst Ratings Changes

JXN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. Barclays started coverage on shares of Jackson Financial in a research report on Wednesday, September 4th. They set an “overweight” rating and a $109.00 price objective for the company. Morgan Stanley upped their price target on shares of Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Jefferies Financial Group upped their price target on shares of Jackson Financial from $73.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, Evercore ISI decreased their price target on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating for the company in a research report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $80.00.

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.