Jackson Financial Inc. (NYSE:JXN - Get Free Report) COO Devkumar Dilip Ganguly sold 13,000 shares of the firm's stock in a transaction on Friday, May 10th. The stock was sold at an average price of $75.67, for a total value of $983,710.00. Following the completion of the transaction, the chief operating officer now directly owns 93,405 shares of the company's stock, valued at $7,067,956.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Jackson Financial Stock Down 0.4 %
JXN stock opened at $75.33 on Tuesday. The company's 50 day moving average is $66.13 and its 200 day moving average is $54.83. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 1.99 and a beta of 1.54. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a 1-year low of $27.24 and a 1-year high of $81.52.
Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, topping analysts' consensus estimates of $3.67 by $0.56. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company earned $3.15 EPS. Jackson Financial's quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts predict that Jackson Financial Inc. will post 16.36 EPS for the current fiscal year.
Jackson Financial Announces Dividend
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The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.72%. The ex-dividend date is Thursday, June 6th. Jackson Financial's dividend payout ratio is currently 7.40%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of Jackson Financial by 47.0% during the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company's stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Jackson Financial during the fourth quarter valued at about $36,000. Headlands Technologies LLC purchased a new position in shares of Jackson Financial in the fourth quarter worth about $38,000. NBC Securities Inc. bought a new stake in shares of Jackson Financial in the 3rd quarter valued at about $28,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Jackson Financial during the 1st quarter valued at about $66,000. 89.96% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
JXN has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on Jackson Financial from $52.00 to $70.00 and gave the stock an "equal weight" rating in a report on Monday, April 15th. Evercore ISI raised their price objective on shares of Jackson Financial from $55.00 to $62.00 and gave the company an "in-line" rating in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Jackson Financial from $68.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $61.80.
Get Our Latest Stock Report on JXN
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.
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