Jackson Financial Inc. (NYSE:JXN) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 40.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,674 shares of the company’s stock after selling 10,801 shares during the period. Teacher Retirement System of Texas’ holdings in Jackson Financial were worth $803,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Jackson Financial during the 3rd quarter worth approximately $28,000. Daiwa Securities Group Inc. purchased a new stake in shares of Jackson Financial during the 4th quarter worth approximately $36,000. Headlands Technologies LLC purchased a new stake in shares of Jackson Financial during the 4th quarter worth approximately $38,000. Hexagon Capital Partners LLC boosted its stake in shares of Jackson Financial by 113.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,297 shares of the company’s stock worth $66,000 after acquiring an additional 688 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new stake in shares of Jackson Financial during the 4th quarter worth approximately $77,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

JXN has been the topic of several research analyst reports. Evercore ISI boosted their price target on Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods lowered Jackson Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $75.00 to $80.00 in a research note on Tuesday, May 14th. Finally, Morgan Stanley boosted their price target on Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.80.

Jackson Financial Price Performance

JXN stock opened at $77.61 on Friday. Jackson Financial Inc. has a 1 year low of $27.24 and a 1 year high of $81.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32. The stock’s 50 day moving average price is $68.58 and its 200 day moving average price is $56.61. The firm has a market cap of $5.92 billion, a P/E ratio of 2.05 and a beta of 1.54.

Jackson Financial (NYSE:JXN) last posted its earnings results on Wednesday, May 8th. The company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.56. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Jackson Financial’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.15 EPS. On average, sell-side analysts expect that Jackson Financial Inc. will post 16.98 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.80 annualized dividend and a yield of 3.61%. Jackson Financial’s dividend payout ratio (DPR) is presently 7.40%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Derek G. Kirkland purchased 3,500 shares of the business’s stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the acquisition, the director now owns 37,726 shares of the company’s stock, valued at approximately $2,100,206.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jackson Financial news, Director Derek G. Kirkland purchased 3,500 shares of the business’s stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the acquisition, the director now owns 37,726 shares of the company’s stock, valued at approximately $2,100,206.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Devkumar Dilip Ganguly sold 13,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $75.67, for a total value of $983,710.00. Following the sale, the chief operating officer now owns 93,405 shares of the company’s stock, valued at $7,067,956.35. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Jackson Financial 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.