GWN Securities Inc. purchased a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,904 shares of the company's stock, valued at approximately $349,000.
Several other large investors have also recently added to or reduced their stakes in JXN. GAMMA Investing LLC lifted its position in Jackson Financial by 7.1% in the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock worth $155,000 after purchasing an additional 118 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of Jackson Financial by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company's stock worth $1,032,000 after buying an additional 159 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Jackson Financial by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock worth $4,416,000 after acquiring an additional 168 shares in the last quarter. Caprock Group LLC grew its position in Jackson Financial by 4.3% during the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company's stock worth $367,000 after acquiring an additional 173 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in Jackson Financial by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock valued at $234,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.
Jackson Financial Trading Up 0.2 %
Shares of JXN stock traded up $0.15 on Thursday, reaching $84.29. 1,102,668 shares of the stock were exchanged, compared to its average volume of 647,802. The stock has a 50 day moving average price of $89.45 and a 200 day moving average price of $92.71. The stock has a market cap of $6.12 billion, a PE ratio of 7.36 and a beta of 1.48. Jackson Financial Inc. has a one year low of $62.17 and a one year high of $115.22. 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 (NYSE:JXN - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share (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. Equities research analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.
Jackson Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.80 per share. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 3.80%. Jackson Financial's payout ratio is presently 27.95%.
Insider Buying and Selling at Jackson Financial
In related news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at $7,199,852.68. The trade was 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 at this link. Corporate insiders own 1.30% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Barclays boosted their price objective on Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a report on Friday, February 28th. One 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.com, Jackson Financial has an average rating of "Hold" and a consensus target price of $97.40.
View Our Latest Report on JXN
Jackson Financial Company Profile
(
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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