Schroder Investment Management Group Sells 11,142 Shares of Jackson Financial Inc. (NYSE:JXN)

Schroder Investment Management Group trimmed its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 11.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,133 shares of the company’s stock after selling 11,142 shares during the period. Schroder Investment Management Group owned 0.11% of Jackson Financial worth $7,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Jackson Financial by 7.1% during the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after purchasing an additional 118 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Jackson Financial by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock worth $4,416,000 after acquiring an additional 168 shares during the last quarter. Caprock Group LLC increased its stake in Jackson Financial by 4.3% in the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock worth $367,000 after acquiring an additional 173 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Jackson Financial by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock worth $234,000 after acquiring an additional 180 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in shares of Jackson Financial by 1.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 18,048 shares of the company’s stock valued at $1,572,000 after acquiring an additional 193 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Price Performance

Jackson Financial stock opened at $70.18 on Friday. Jackson Financial Inc. has a 12-month low of $62.81 and a 12-month 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 50-day moving average price of $87.63 and a 200-day moving average price of $92.69. The firm has a market capitalization of $5.10 billion, a PE ratio of 6.13 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) 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 analyst estimates of $1.81 billion. As a group, equities research 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. Shareholders of record on Tuesday, March 11th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.56%. 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 27.95%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JXN. Keefe, Bruyette & Woods upped their price target 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. Barclays increased their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $97.40.

Insiders Place Their Bets

In other news, CEO Scott Romine sold 7,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

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.