Christopher Raub Sells 5,000 Shares of Jackson Financial (NYSE:JXN) Stock

Jackson Financial Inc. (NYSE:JXN) CEO Christopher Raub sold 5,000 shares of Jackson Financial stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total transaction of $653,450.00. Following the sale, the chief executive officer owned 42,160 shares of the company’s stock, valued at $5,509,890.40. The trade was a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jackson Financial Price Performance

NYSE JXN opened at $135.29 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26. The stock’s fifty day moving average price is $116.92 and its 200 day moving average price is $112.29. Jackson Financial Inc. has a 1 year low of $89.67 and a 1 year high of $137.99. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 190.55 and a beta of 1.30.

Jackson Financial (NYSE:JXN) last issued its earnings results on Monday, August 3rd. The company reported $7.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.72 by $1.58. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.91 billion.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Jackson Financial’s dividend payout ratio (DPR) is presently 507.04%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JXN. Allworth Financial LP boosted its position in Jackson Financial by 404.0% in the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock worth $26,000 after purchasing an additional 202 shares in the last quarter. Rothschild Investment LLC increased its holdings in shares of Jackson Financial by 79.9% during the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock valued at $34,000 after purchasing an additional 143 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of Jackson Financial during the 4th quarter valued at approximately $35,000. Signature Equity Partners LLC acquired a new position in shares of Jackson Financial in the 1st quarter valued at $38,000. Finally, Advisory Services Network LLC acquired a new position in shares of Jackson Financial in the 3rd quarter valued at $37,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings raised Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Keefe, Bruyette & Woods increased their price target on shares of Jackson Financial from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Jefferies Financial Group raised shares of Jackson Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $120.00 to $140.00 in a research report on Friday, July 10th. Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Barclays upped their price objective on shares of Jackson Financial from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.80.

About Jackson Financial

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.