MorganRosel Wealth Management LLC Sells 1,449 Shares of Jackson Financial Inc. (NYSE:JXN)

MorganRosel Wealth Management LLC reduced its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,334 shares of the company’s stock after selling 1,449 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Jackson Financial were worth $1,335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in shares of Jackson Financial during the fourth quarter worth $26,000. World Investment Advisors LLC purchased a new stake in Jackson Financial during the 3rd quarter worth about $31,000. Blue Trust Inc. boosted its stake in Jackson Financial by 232.1% in the 3rd 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. R Squared Ltd bought a new stake in shares of Jackson Financial during the fourth quarter valued at about $126,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Jackson Financial in the third quarter worth about $141,000. 89.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of Jackson Financial stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $83.72 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The stock has a market cap of $6.18 billion, a PE ratio of 7.31 and a beta of 1.47. The company’s fifty day moving average is $90.76 and its 200 day moving average is $92.93. Jackson Financial Inc. has a 52 week low of $51.59 and a 52 week high of $115.22.

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

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s dividend payout ratio is currently 24.45%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.80.

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.