Aigen Investment Management LP Invests $641,000 in Jackson Financial Inc. (NYSE:JXN)

Aigen Investment Management LP acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,361 shares of the company's stock, valued at approximately $641,000.

Several other institutional investors have also recently made changes to their positions in JXN. Empowered Funds LLC acquired a new stake in Jackson Financial during the fourth quarter valued at $26,000. World Investment Advisors LLC purchased a new stake in shares of Jackson Financial during the 3rd quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Jackson Financial during the 4th quarter valued at about $44,000. Blue Trust Inc. increased its stake in shares of Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company's stock valued at $69,000 after purchasing an additional 426 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Jackson Financial in the 4th quarter worth about $126,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on JXN shares. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a report on Friday, February 28th. Barclays lifted their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Finally, Evercore ISI lowered shares of Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One equities 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $97.40.

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Jackson Financial Price Performance

Shares of NYSE JXN traded up $1.41 during mid-day trading on Friday, reaching $84.73. The company's stock had a trading volume of 799,367 shares, compared to its average volume of 665,868. The stock has a 50-day moving average of $90.46 and a two-hundred day moving average of $92.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $6.26 billion, a P/E ratio of 7.40 and a beta of 1.48. Jackson Financial Inc. has a 1-year low of $58.02 and a 1-year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. On average, equities research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently disclosed 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 an increase from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 3.78%. Jackson Financial's dividend payout ratio (DPR) is presently 27.95%.

Insiders Place Their Bets

In other news, Director Gregory T. Durant bought 1,500 shares of Jackson Financial stock in a transaction 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 completion of the purchase, the director now directly owns 32,023 shares of the company's stock, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by corporate 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.