4,011 Jackson Financial Inc. $JXN Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its holdings in Jackson Financial Inc. (NYSE:JXN) by 32.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,236 shares of the company’s stock after selling 4,011 shares during the quarter. International Assets Investment Management LLC’s holdings in Jackson Financial were worth $1,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Jackson Financial by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,060,350 shares of the company’s stock worth $429,240,000 after acquiring an additional 18,740 shares during the period. Donald Smith & CO. Inc. acquired a new position in shares of Jackson Financial during the 2nd quarter worth approximately $183,186,000. Bank of New York Mellon Corp raised its stake in Jackson Financial by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 910,853 shares of the company’s stock valued at $96,295,000 after acquiring an additional 24,747 shares during the period. Janus Henderson Group PLC raised its stake in Jackson Financial by 31.6% in the 1st quarter. Janus Henderson Group PLC now owns 484,713 shares of the company’s stock valued at $51,290,000 after acquiring an additional 116,436 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Jackson Financial by 6.2% in the 1st quarter. Principal Financial Group Inc. now owns 344,040 shares of the company’s stock valued at $36,372,000 after acquiring an additional 20,035 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $135.72 on Tuesday. The firm has a market cap of $9.19 billion, a P/E ratio of 11.16 and a beta of 1.34. The company has a current ratio of 0.22, a quick ratio of 0.26 and a debt-to-equity ratio of 0.62. Jackson Financial Inc. has a 1-year low of $89.67 and a 1-year high of $150.00. The business’s 50 day moving average is $133.49 and its 200-day moving average is $118.74.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $7.55 earnings per share for the quarter, topping the consensus estimate of $7.24 by $0.31. Jackson Financial had a return on equity of 20.46% and a net margin of 13.41%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion.

Jackson Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.7%. Jackson Financial’s dividend payout ratio (DPR) is currently 29.61%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JXN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jackson Financial in a report on Monday, November 2nd. Evercore set a $135.00 price objective on shares of Jackson Financial in a report on Wednesday, August 5th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $140.00 price objective on shares of Jackson Financial in a research report on Friday, September 18th. Wall Street Zen cut shares of Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Barclays lifted their target price on shares of Jackson Financial from $151.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, November 4th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $134.80.

Insider Activity

In other news, CEO Christopher Raub sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total value of $653,450.00. Following the completion of the sale, the chief executive officer owned 42,160 shares of the company’s stock, valued at approximately $5,509,890.40. The trade was a 10.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Jackson Financial Profile

Jackson Financial Inc is a U.S. financial services company focused on retirement planning. Through its subsidiaries, including Jackson National Life Insurance Company, it offers annuity products designed to help individuals build and manage retirement income. Its offerings include variable, fixed, fixed-indexed and registered index-linked annuities.

The company serves individuals and financial professionals across the United States, distributing its products through a network of independent financial advisers and other financial services firms.