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

Jackson Financial Inc. (NYSE:JXN) CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. The trade was a 7.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Jackson Financial Stock Performance

Shares of JXN stock opened at $81.21 on Wednesday. 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 stock has a market cap of $5.90 billion, a PE ratio of 7.09 and a beta of 1.48. Jackson Financial Inc. has a 1 year low of $60.00 and a 1 year high of $115.22. The stock has a fifty day moving average price of $90.23 and a 200 day moving average price of $92.96.

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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Sell-side analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on JXN shares. Barclays lifted their price target on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods boosted their target price 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. Finally, Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price target for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. One 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $97.40.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC purchased a new position in Jackson Financial during the fourth quarter worth $26,000. Quarry LP acquired a new stake in shares of Jackson Financial during the fourth quarter valued at $28,000. World Investment Advisors LLC acquired a new stake in shares of Jackson Financial during the third quarter valued at $31,000. SBI Securities Co. Ltd. purchased a new stake in Jackson Financial during the 4th quarter worth about $44,000. Finally, Blue Trust Inc. raised its stake in Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after purchasing an additional 426 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

About Jackson Financial

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.