Jackson Financial (NYSE:JXN) Shares Down 8.7% – Time to Sell?

Jackson Financial Inc. (NYSE:JXN)’s stock price traded down 8.7% during mid-day trading on Thursday . The company traded as low as $85.30 and last traded at $85.45. 315,972 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 532,186 shares. The stock had previously closed at $93.58.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JXN shares. Barclays boosted their price objective on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $92.80.

Jackson Financial Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of -6.82 and a beta of 1.47. The company has a fifty day simple moving average of $91.26 and a two-hundred day simple moving average of $92.62.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be given a dividend of $0.80 per share. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.70%. Jackson Financial’s dividend payout ratio (DPR) is currently -22.15%.

Insider Buying and Selling at Jackson Financial

In related news, Director Gregory T. Durant purchased 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $90.28 per share, with a total value of $135,420.00. Following the acquisition, the director now owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Jackson Financial by 300.0% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company’s stock valued at $1,460,000 after purchasing an additional 12,000 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in Jackson Financial during the 3rd quarter worth approximately $897,000. Assetmark Inc. increased its position in Jackson Financial by 7.9% in the 3rd quarter. Assetmark Inc. now owns 91,641 shares of the company’s stock valued at $8,360,000 after acquiring an additional 6,724 shares during the period. World Investment Advisors LLC acquired a new stake in Jackson Financial in the third quarter valued at $31,000. Finally, Centaurus Financial Inc. grew its position in shares of Jackson Financial by 135.1% in the 3rd quarter. Centaurus Financial Inc. now owns 10,169 shares of the company’s stock valued at $928,000 after buying an additional 5,844 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.