Jackson Financial Inc. (NYSE:JXN) Holdings Decreased by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 744,897 shares of the company’s stock after selling 32,397 shares during the quarter. Allianz Asset Management GmbH owned about 1.01% of Jackson Financial worth $64,866,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC bought a new stake in shares of Jackson Financial during the fourth quarter valued at about $26,000. World Investment Advisors LLC acquired a new position in Jackson Financial during the third quarter worth about $31,000. Blue Trust Inc. grew its holdings in Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after acquiring an additional 260 shares during the period. R Squared Ltd acquired a new position in Jackson Financial during the fourth quarter worth about $126,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Jackson Financial during the third quarter worth about $141,000. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Trading Down 4.4 %

Shares of JXN opened at $81.63 on Friday. The business’s 50-day moving average price is $90.93 and its 200 day moving average price is $92.79. The stock has a market capitalization of $6.03 billion, a P/E ratio of 7.13 and a beta of 1.47. Jackson Financial Inc. has a 1-year low of $48.00 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 0.46.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 3.92%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio (DPR) is currently 24.45%.

Insider Buying and Selling

In related news, Director Gregory T. Durant purchased 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $90.28 per share, with a total value of $135,420.00. Following the purchase, the director now owns 32,023 shares of the company’s stock, 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. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on JXN shares. Barclays lifted their target price on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.80.

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.