DGS Capital Management LLC Sells 1,317 Shares of Jackson Financial Inc. (NYSE:JXN)

DGS Capital Management LLC reduced its holdings in Jackson Financial Inc. (NYSE:JXN) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,924 shares of the company’s stock after selling 1,317 shares during the quarter. DGS Capital Management LLC’s holdings in Jackson Financial were worth $342,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JXN. World Investment Advisors LLC acquired a new stake in shares of Jackson Financial during the 3rd quarter worth approximately $31,000. Blue Trust Inc. grew its holdings in Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after purchasing an additional 260 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Jackson Financial in the third quarter valued at $141,000. GAMMA Investing LLC increased its stake in Jackson Financial by 114.2% in the third quarter. GAMMA Investing LLC now owns 1,660 shares of the company’s stock valued at $151,000 after purchasing an additional 885 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Jackson Financial by 62.0% during the 3rd quarter. CWM LLC now owns 1,660 shares of the company’s stock worth $151,000 after purchasing an additional 635 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JXN has been the subject of a number of research analyst reports. Barclays decreased their target price on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and upped their target price for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. 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. According to data from MarketBeat.com, Jackson Financial presently has a consensus rating of “Hold” and an average price target of $92.40.

Insider Buying and Selling

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 stock was acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, the director now owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

Jackson Financial Price Performance

JXN stock opened at $92.80 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The business has a 50-day simple moving average of $92.98 and a two-hundred day simple moving average of $91.25. The company has a market capitalization of $6.85 billion, a P/E ratio of -7.34 and a beta of 1.46. Jackson Financial Inc. has a 52-week low of $48.00 and a 52-week high of $115.22.

Jackson Financial (NYSE:JXN) last announced its 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 company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm posted $3.80 earnings per share. Research analysts expect that Jackson Financial Inc. will post 18.85 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, December 5th. Jackson Financial’s payout ratio is currently -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.