Jackson Financial Inc. (NYSE:JXN) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 0.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,557,652 shares of the company’s stock after selling 3,372 shares during the period. American Century Companies Inc. owned approximately 2.11% of Jackson Financial worth $135,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC purchased a new position in Jackson Financial in the 4th quarter valued at about $26,000. World Investment Advisors LLC acquired a new position in shares of Jackson Financial in the third quarter worth about $31,000. SBI Securities Co. Ltd. purchased a new position in Jackson Financial in the fourth quarter valued at about $44,000. Blue Trust Inc. grew its stake in Jackson Financial by 114.5% during 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 in the last quarter. Finally, R Squared Ltd purchased a new stake in Jackson Financial during the 4th quarter worth approximately $126,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on JXN shares. Barclays increased their target price 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 increased their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Jackson Financial presently has an average rating of “Hold” and a consensus target price of $97.40.

Jackson Financial Price Performance

Shares of JXN opened at $85.31 on Monday. Jackson Financial Inc. has a 52 week low of $62.81 and a 52 week high of $115.22. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 7.45 and a beta of 1.48. The stock has a 50 day moving average of $89.38 and a 200-day moving average of $92.73.

Jackson Financial (NYSE:JXN) last released 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 business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. As a group, analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Tuesday, March 11th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio is currently 27.95%.

Insiders Place Their Bets

In other news, CEO Scott Romine sold 7,000 shares of the company’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 transaction of $591,010.00. Following the completion of the transaction, the chief executive officer now directly owns 85,276 shares of the company’s stock, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Jackson Financial 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.