Jackson Financial Inc. (NYSE:JXN – Get Free Report) CEO Christopher Raub sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total transaction of $653,450.00. Following the completion of the transaction, the chief executive officer owned 42,160 shares in the company, valued at approximately $5,509,890.40. The trade was a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Jackson Financial Stock Performance
JXN traded up $3.98 on Thursday, hitting $134.64. 498,735 shares of the company’s stock were exchanged, compared to its average volume of 617,468. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average of $115.79 and a two-hundred day moving average of $111.98. Jackson Financial Inc. has a twelve month low of $89.67 and a twelve month high of $137.99. The firm has a market cap of $9.12 billion, a PE ratio of 189.63 and a beta of 1.30.
Jackson Financial (NYSE:JXN – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $7.30 EPS for the quarter, beating analysts’ consensus estimates of $5.72 by $1.58. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.91 billion. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.
Jackson Financial Announces Dividend
Institutional Trading of Jackson Financial
Several hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its position in Jackson Financial by 404.0% in the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock worth $26,000 after purchasing an additional 202 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of Jackson Financial by 79.9% in the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock valued at $34,000 after buying an additional 143 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Jackson Financial in the 4th quarter valued at $35,000. Signature Equity Partners LLC bought a new stake in shares of Jackson Financial during the first quarter worth $38,000. Finally, Advisory Services Network LLC bought a new stake in shares of Jackson Financial during the third quarter worth $37,000. 89.96% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on JXN. Jefferies Financial Group upgraded Jackson Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $120.00 to $140.00 in a research note on Friday, July 10th. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Barclays lifted their price objective on shares of Jackson Financial from $139.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Evercore set a $135.00 target price on shares of Jackson Financial in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Jackson Financial currently has an average rating of “Moderate Buy” and a consensus target price of $133.80.
Check Out Our Latest Analysis on JXN
About Jackson Financial
Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.
The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.
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