Everence Capital Management Inc. Sells 3,710 Shares of Jackson Financial Inc. (NYSE:JXN)

Everence Capital Management Inc. cut its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 41.3% during the 4th quarter, Holdings Channel reports. The firm owned 5,270 shares of the company’s stock after selling 3,710 shares during the period. Everence Capital Management Inc.’s holdings in Jackson Financial were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JXN. World Investment Advisors LLC bought a new position in Jackson Financial during the 3rd quarter worth $31,000. Blue Trust Inc. grew its holdings in shares of 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. Farmers & Merchants Investments Inc. increased its position in shares of Jackson Financial by 2,173.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,046 shares of the company’s stock worth $78,000 after purchasing an additional 1,000 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Jackson Financial in the third quarter valued at about $141,000. Finally, GAMMA Investing LLC lifted its position in Jackson Financial by 114.2% during the third quarter. GAMMA Investing LLC now owns 1,660 shares of the company’s stock worth $151,000 after purchasing an additional 885 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on JXN shares. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their target price for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays boosted their price objective on shares of Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jackson Financial presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Insider Transactions at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of Jackson Financial stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $90.28 per share, with a total value of $135,420.00. Following the completion of the purchase, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Jackson Financial Trading Up 1.8 %

Shares of Jackson Financial stock opened at $89.36 on Monday. The firm’s 50 day moving average is $97.07 and its 200 day moving average is $89.44. The firm has a market capitalization of $6.60 billion, a PE ratio of -7.07 and a beta of 1.42. Jackson Financial Inc. has a 1 year low of $47.49 and a 1 year high of $115.22. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the business earned $3.80 EPS. Equities research analysts forecast that Jackson Financial Inc. will post 18.8 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, December 5th. Jackson Financial’s payout ratio is -22.15%.

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.