2 weeks Ago By ABMN Staff
Wells Fargo & Company MN trimmed its stake in shares of Jackson Financial Inc. ( NYSE:JXN – Free Report ) by 10.0% during the 4th quarter, Holdings Channel reports.
The fund owned 211,487 shares of the company’s stock after selling 23,378 shares during the quarter. Wells Fargo & Company MN’s holdings in Jackson Financial were worth $18,416,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors also recently bought and sold shares of JXN.
Norges Bank acquired a new stake in shares of Jackson Financial during the 4th quarter worth approximately $98,767,000. Raymond James Financial Inc. acquired a new stake in Jackson Financial during the fourth quarter valued at $27,193,000.
Victory Capital Management Inc. increased its holdings in Jackson Financial by 196.4% in the fourth quarter.
Victory Capital Management Inc. now owns 447,245 shares of the company’s stock valued at $38,946,000 after buying an additional 296,367 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Jackson Financial by 6,642.
6% in the fourth quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock valued at $19,716,000 after buying an additional 223,060 shares in the last quarter. Finally, Four Tree Island Advisory LLC acquired a new position in shares of Jackson Financial in the fourth quarter worth about $19,298,000.
89.96% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity 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 value of $591,010.00.
Following the completion of the sale, the chief executive officer now directly owns 85,276 shares in the company, valued at $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 is available at this link . Also, 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 value of $1,432,598.64.
Following the transaction, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. The trade was a 15.
04 % decrease in their position. The disclosure for this sale can be found here . Company insiders own 1.
30% of the company’s stock. Analysts Set New Price Targets Get Our Latest Research Report on Jackson Financial Jackson Financial Trading Up 1.0 % Shares of Jackson Financial stock opened at $71.
88 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.
30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc.
has a twelve month low of $63.16 and a twelve month high of $115.22.
The firm has a market capitalization of $5.22 billion, a PE ratio of 6.28 and a beta of 1.
49. The firm’s 50-day moving average price is $84.68 and its 200 day moving average price is $91.
90. Jackson Financial ( NYSE:JXN – Get Free Report ) 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion.
On average, sell-side analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.
Jackson Financial Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.80 per share.
This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, March 11th.
This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.45%.
Jackson Financial’s dividend payout ratio is presently 27.95%. Jackson Financial Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding JXN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Jackson Financial Inc. ( NYSE:JXN – Free Report ). Receive News & Ratings for Jackson Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jackson Financial and related companies with MarketBeat.
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