Segall Bryant & Hamill LLC Has $5.79 Million Holdings in Jackson Financial Inc. (NYSE:JXN)

Segall Bryant & Hamill LLC trimmed its holdings in Jackson Financial Inc. (NYSE:JXN) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,524 shares of the company’s stock after selling 9,701 shares during the period. Segall Bryant & Hamill LLC owned 0.09% of Jackson Financial worth $5,793,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Empowered Funds LLC acquired a new stake in Jackson Financial during the 4th quarter worth approximately $26,000. World Investment Advisors LLC acquired a new position in shares of Jackson Financial in the third quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial during the fourth quarter worth about $44,000. Blue Trust Inc. raised its stake in Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock worth $69,000 after purchasing an additional 426 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Jackson Financial in the 4th quarter valued at about $126,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JXN. Barclays increased their target price on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and a consensus target price of $97.40.

Jackson Financial Trading Down 1.2 %

NYSE JXN opened at $87.63 on Thursday. The stock has a market capitalization of $6.37 billion, a P/E ratio of 7.65 and a beta of 1.48. The business has a 50 day simple moving average of $89.35 and a 200 day simple moving average of $92.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a one year low of $62.81 and a one year high of $115.22.

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

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were paid a $0.80 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.65%. The ex-dividend date was Tuesday, March 11th. Jackson Financial’s payout ratio is 27.95%.

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 transaction of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares of the company’s stock, valued at $7,199,852.68. This represents a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

Jackson Financial Company Profile

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.