Jackson Financial Inc. (NYSE:JXN) CEO Scott Romine Sells 7,000 Shares

Jackson Financial Inc. (NYSE:JXN) CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the sale, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Jackson Financial Price Performance

JXN opened at $81.26 on Tuesday. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 7.10 and a beta of 1.48. 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 firm has a 50-day moving average price of $90.35 and a 200-day moving average price of $93.00. Jackson Financial Inc. has a twelve month low of $58.02 and a twelve month high of $115.22.

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

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.20 annualized dividend and a yield of 3.94%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, February 28th. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price objective for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Finally, Barclays lifted their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. One investment 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. Based on data from MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and an average target price of $97.40.

Hedge Funds Weigh In On Jackson Financial

Several hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Jackson Financial during the fourth quarter valued at approximately $12,852,000. Ameriflex Group Inc. purchased a new position in Jackson Financial during the fourth quarter valued at approximately $250,000. Mackenzie Financial Corp grew its stake in Jackson Financial by 80.0% during the fourth quarter. Mackenzie Financial Corp now owns 30,732 shares of the company’s stock valued at $2,676,000 after acquiring an additional 13,656 shares in the last quarter. Forum Financial Management LP grew its stake in Jackson Financial by 27.9% during the fourth quarter. Forum Financial Management LP now owns 3,447 shares of the company’s stock valued at $300,000 after acquiring an additional 752 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Jackson Financial during the fourth quarter valued at approximately $3,604,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.