RFG Advisory LLC Cuts Stake in Jackson Financial Inc. (NYSE:JXN)

RFG Advisory LLC decreased its stake in Jackson Financial Inc. (NYSE:JXN) by 0.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,698 shares of the company’s stock after selling 125 shares during the quarter. RFG Advisory LLC’s holdings in Jackson Financial were worth $1,454,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. World Investment Advisors LLC acquired a new position in Jackson Financial during the 3rd quarter worth approximately $31,000. Blue Trust Inc. raised its stake in shares of Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after purchasing an additional 260 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Jackson Financial during the third quarter worth $141,000. GAMMA Investing LLC boosted its stake in shares of 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 during the period. Finally, CWM LLC grew its holdings in Jackson Financial by 62.0% during the 3rd quarter. CWM LLC now owns 1,660 shares of the company’s stock valued at $151,000 after purchasing an additional 635 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JXN. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price objective for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays lowered their price objective on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.40.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $90.28 per share, with a total value of $135,420.00. Following the transaction, the director now directly owns 32,023 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by insiders.

Jackson Financial Price Performance

JXN opened at $92.80 on Friday. The company has a market capitalization of $6.85 billion, a P/E ratio of -7.34 and a beta of 1.46. The company has a 50-day moving average of $92.98 and a 200-day moving average of $91.25. 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 1-year low of $48.00 and a 1-year high of $115.22.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data 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 business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the firm earned $3.80 EPS. Equities analysts expect that Jackson Financial Inc. will post 18.85 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Thursday, December 5th. Jackson Financial’s dividend payout ratio is presently -22.15%.

Jackson Financial Company 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.