International Assets Investment Management LLC Sells 4,011 Shares of Jackson Financial Inc. $JXN

International Assets Investment Management LLC cut its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 32.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,236 shares of the company’s stock after selling 4,011 shares during the period. International Assets Investment Management LLC’s holdings in Jackson Financial were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in shares of Jackson Financial by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 910,853 shares of the company’s stock valued at $96,295,000 after purchasing an additional 24,747 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Jackson Financial during the 3rd quarter worth approximately $1,362,000. Squarepoint Ops LLC raised its holdings in Jackson Financial by 96.6% during the 2nd quarter. Squarepoint Ops LLC now owns 166,794 shares of the company’s stock worth $17,078,000 after buying an additional 81,970 shares during the period. William John Sempolinski acquired a new stake in Jackson Financial during the 2nd quarter worth approximately $2,222,000. Finally, Renaissance Technologies LLC acquired a new stake in Jackson Financial during the 1st quarter worth approximately $10,836,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore set a $135.00 price objective on shares of Jackson Financial in a research report on Wednesday, August 5th. Barclays raised their price objective on shares of Jackson Financial from $151.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jackson Financial in a research report on Monday, November 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $140.00 target price on shares of Jackson Financial in a research note on Friday, September 18th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $134.80.

Insider Activity

In related news, CEO Christopher Raub sold 5,000 shares of Jackson Financial stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total value of $653,450.00. Following the sale, the chief executive officer owned 42,160 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Jackson Financial Trading Up 3.1%

NYSE:JXN opened at $135.72 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. Jackson Financial Inc. has a twelve month low of $89.67 and a twelve month high of $150.00. The company has a market cap of $9.19 billion, a P/E ratio of 11.16 and a beta of 1.34. The business has a 50 day moving average price of $133.49 and a two-hundred day moving average price of $118.74.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $7.55 EPS for the quarter, topping analysts’ consensus estimates of $7.24 by $0.31. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. Jackson Financial had a net margin of 13.41% and a return on equity of 20.46%.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a $0.90 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.60 annualized dividend and a dividend yield of 2.7%. Jackson Financial’s dividend payout ratio (DPR) is presently 29.61%.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S. financial services company focused on retirement planning. Through its subsidiaries, including Jackson National Life Insurance Company, it offers annuity products designed to help individuals build and manage retirement income. Its offerings include variable, fixed, fixed-indexed and registered index-linked annuities.

The company serves individuals and financial professionals across the United States, distributing its products through a network of independent financial advisers and other financial services firms.