Bokf Na Buys 309 Shares of Jackson Financial Inc. (NYSE:JXN)

Bokf Na lifted its position in Jackson Financial Inc. (NYSE:JXN) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,311 shares of the company’s stock after buying an additional 309 shares during the period. Bokf Na’s holdings in Jackson Financial were worth $534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP raised its position in Jackson Financial by 13.4% during the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company’s stock valued at $360,036,000 after acquiring an additional 487,803 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Jackson Financial by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company’s stock valued at $188,522,000 after purchasing an additional 13,362 shares during the period. Norges Bank acquired a new stake in shares of Jackson Financial during the 4th quarter worth approximately $98,767,000. Charles Schwab Investment Management Inc. raised its position in Jackson Financial by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company’s stock valued at $93,980,000 after purchasing an additional 28,337 shares during the period. Finally, Federated Hermes Inc. lifted its position in Jackson Financial by 4.2% in the fourth quarter. Federated Hermes Inc. now owns 1,010,490 shares of the company’s stock valued at $87,993,000 after buying an additional 40,828 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the transaction, the chief executive officer now owns 116,423 shares of the company’s stock, valued at $8,093,726.96. The trade was a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the sale, the chief executive officer now owns 85,276 shares of the company’s stock, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Jackson Financial Price Performance

Jackson Financial stock opened at $84.37 on Friday. 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 company has a fifty day simple moving average of $79.39 and a 200-day simple moving average of $89.29. The stock has a market cap of $6.13 billion, a P/E ratio of 7.37 and a beta of 1.50. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.93 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $4.23 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.79%. Jackson Financial’s dividend payout ratio is presently 27.95%.

Analyst Ratings Changes

Several brokerages recently weighed in on JXN. Morgan Stanley cut their target price on shares of Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Barclays increased their price objective on Jackson Financial from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods lowered their target price on Jackson Financial from $105.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $91.80.

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.