Quantbot Technologies LP acquired a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 71,675 shares of the company's stock, valued at approximately $6,241,000. Quantbot Technologies LP owned 0.10% of Jackson Financial at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd grew its holdings in Jackson Financial by 300.0% in 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 during the period. Proficio Capital Partners LLC purchased a new position in shares of Jackson Financial in the fourth quarter valued at approximately $1,160,000. World Investment Advisors LLC purchased a new position in shares of Jackson Financial in the third quarter valued at approximately $31,000. Centaurus Financial Inc. lifted its position in shares of Jackson Financial by 135.1% in the third quarter. Centaurus Financial Inc. now owns 10,169 shares of the company's stock valued at $928,000 after acquiring an additional 5,844 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Jackson Financial by 43.3% in the third quarter. Stifel Financial Corp now owns 47,564 shares of the company's stock valued at $4,340,000 after acquiring an additional 14,364 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other 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 value 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 approximately $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company's stock.
Analyst Ratings Changes
JXN has been the topic of several research reports. Keefe, Bruyette & Woods raised their target price 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 raised their target price on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $97.40.
Check Out Our Latest Stock Report on Jackson Financial
Jackson Financial Trading Up 4.4 %
Jackson Financial stock traded up $3.48 during trading on Friday, reaching $82.84. 755,943 shares of the company were exchanged, compared to its average volume of 640,962. Jackson Financial Inc. has a 52-week low of $60.99 and a 52-week high of $115.22. The company has a market capitalization of $6.02 billion, a P/E ratio of 7.24 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock's 50 day simple moving average is $89.81 and its two-hundred day simple moving average is $92.76.
Jackson Financial (NYSE:JXN - Get Free Report) last posted 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 business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.
Jackson Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.86%. Jackson Financial's payout ratio is presently 27.95%.
About Jackson Financial
(
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.
See Also
Before you consider Jackson Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jackson Financial wasn't on the list.
While Jackson Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
