MorganRosel Wealth Management LLC Trims Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

MorganRosel Wealth Management LLC lowered its position in shares of Jackson Financial Inc. (NYSE:JXN) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,334 shares of the company’s stock after selling 1,449 shares during the period. MorganRosel Wealth Management LLC’s holdings in Jackson Financial were worth $1,335,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in Jackson Financial during the fourth quarter worth about $26,000. Blue Trust Inc. lifted its holdings in shares of Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after purchasing an additional 260 shares during the last quarter. R Squared Ltd bought a new stake in shares of Jackson Financial in the 4th quarter worth approximately $126,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Jackson Financial in the 3rd quarter worth approximately $141,000. Finally, GAMMA Investing LLC increased its position in Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after buying an additional 118 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling

In other news, Director Gregory T. Durant bought 1,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the transaction, the director now owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $83.72 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 7.31 and a beta of 1.47. The business has a 50-day simple moving average of $90.76 and a two-hundred day simple moving average of $92.93. Jackson Financial Inc. has a fifty-two week low of $51.59 and a fifty-two week high of $115.22.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. On average, analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a $0.80 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is 24.45%.

Analysts Set New Price Targets

Several research firms have commented on JXN. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays increased their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $92.80.

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.