Devkumar Dilip Ganguly Sells 13,000 Shares of Jackson Financial Inc. (NYSE:JXN) Stock

Jackson Financial Inc. (NYSE:JXNGet Free Report) COO Devkumar Dilip Ganguly sold 13,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $75.67, for a total value of $983,710.00. Following the sale, the chief operating officer now owns 93,405 shares in the company, valued at $7,067,956.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $75.74 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $5.86 billion, a P/E ratio of 2.00 and a beta of 1.54. The stock’s 50-day simple moving average is $66.53 and its two-hundred day simple moving average is $55.11. Jackson Financial Inc. has a twelve month low of $27.24 and a twelve month high of $81.52.

Jackson Financial (NYSE:JXNGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, beating the consensus estimate of $3.67 by $0.56. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.67 billion. Jackson Financial’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.15 earnings per share. As a group, equities analysts anticipate that Jackson Financial Inc. will post 16.36 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.70%. Jackson Financial’s payout ratio is 7.40%.

Institutional Investors Weigh In On Jackson Financial

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of Jackson Financial by 47.0% in the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after acquiring an additional 154 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Jackson Financial in the 4th quarter worth approximately $36,000. Headlands Technologies LLC bought a new stake in shares of Jackson Financial in the 4th quarter worth approximately $38,000. NBC Securities Inc. bought a new stake in shares of Jackson Financial in the 3rd quarter worth approximately $28,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Jackson Financial in the 1st quarter worth approximately $66,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JXN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered Jackson Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $75.00 to $80.00 in a research note on Tuesday. Morgan Stanley upped their target price on Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Evercore ISI upped their target price on Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.80.

Check Out Our Latest Stock Report on Jackson Financial

Jackson Financial Company Profile

(Get 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.

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