Cibc World Markets Corp Acquires Shares of 7,018 Jackson Financial Inc. (NYSE:JXN)

Cibc World Markets Corp purchased a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,018 shares of the company's stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Empowered Funds LLC purchased a new stake in Jackson Financial in the fourth quarter valued at approximately $26,000. World Investment Advisors LLC acquired a new position in shares of Jackson Financial in the 3rd quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Jackson Financial in the 4th quarter valued at $44,000. Blue Trust Inc. increased its holdings in shares of Jackson Financial by 114.5% during the 4th quarter. Blue Trust Inc. now owns 798 shares of the company's stock worth $69,000 after buying an additional 426 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Jackson Financial during the 4th quarter worth $126,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on JXN shares. Keefe, Bruyette & Woods boosted their price target on Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a research report on Friday, February 28th. Barclays boosted 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Jackson Financial has a consensus rating of "Hold" and a consensus price target of $97.40.

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Jackson Financial Stock Down 1.2 %

Shares of NYSE JXN traded down $1.04 on Wednesday, hitting $87.63. The company had a trading volume of 660,773 shares, compared to its average volume of 677,880. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 12-month low of $62.81 and a 12-month high of $115.22. The firm 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 moving average of $89.44 and a two-hundred day moving average of $92.81.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.81 billion. As a group, equities research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

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

Insider Buying and Selling

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the firm'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 completion of the sale, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Jackson Financial 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.