Atria Wealth Solutions Inc. Has $1.45 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

Atria Wealth Solutions Inc. cut its holdings in Jackson Financial Inc. (NYSE:JXN) by 35.5% during the 4th quarter, HoldingsChannel reports. The fund owned 16,603 shares of the company’s stock after selling 9,154 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Jackson Financial were worth $1,446,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of JXN. State Street Corp grew its position in shares of Jackson Financial by 4.9% during the 3rd quarter. State Street Corp now owns 3,266,981 shares of the company’s stock worth $298,047,000 after purchasing an additional 153,326 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Jackson Financial by 7.4% in the third quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock valued at $194,187,000 after buying an additional 144,530 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Jackson Financial by 40.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock valued at $95,874,000 after buying an additional 300,520 shares during the period. International Assets Investment Management LLC grew its position in Jackson Financial by 9,363.9% during the third quarter. International Assets Investment Management LLC now owns 942,039 shares of the company’s stock worth $85,942,000 after buying an additional 932,085 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Jackson Financial by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 417,984 shares of the company’s stock worth $36,398,000 after acquiring an additional 10,880 shares during the period. 89.96% of the stock is owned by institutional investors.

Insider Activity at Jackson Financial

In related news, Director Gregory T. Durant bought 1,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now directly owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JXN has been the subject of a number of recent analyst reports. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and upped their target price for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays upped 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $92.80.

Jackson Financial Trading Down 4.4 %

Shares of JXN stock opened at $81.63 on Monday. Jackson Financial Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $115.22. The stock’s fifty day moving average price is $90.93 and its two-hundred day moving average price is $92.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $6.03 billion, a PE ratio of 7.13 and a beta of 1.47.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data 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 company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Equities analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a $0.80 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is presently 24.45%.

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.