Amundi Has $6.70 Million Stake in Jackson Financial Inc. (NYSE:JXN)

Amundi lifted its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 204.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,657 shares of the company's stock after purchasing an additional 50,847 shares during the quarter. Amundi owned 0.10% of Jackson Financial worth $6,703,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in Jackson Financial during the 4th quarter worth about $26,000. World Investment Advisors LLC bought a new stake in Jackson Financial during the third quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new position in Jackson Financial during the fourth quarter valued at approximately $44,000. Blue Trust Inc. grew its stake in Jackson Financial by 114.5% in the fourth 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 shares of Jackson Financial during the 4th quarter worth approximately $126,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Activity at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction that occurred on Friday, March 7th. The shares were 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 in the company, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

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Jackson Financial Stock Performance

Jackson Financial stock traded up $1.55 during mid-day trading on Wednesday, hitting $84.20. 768,886 shares of the company's stock traded hands, compared to its average volume of 727,604. 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 firm has a 50 day simple moving average of $89.53 and a two-hundred day simple moving average of $92.77. Jackson Financial Inc. has a fifty-two week low of $62.17 and a fifty-two week high of $115.22. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 7.35 and a beta of 1.48.

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 analysts' consensus estimates 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. On average, research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

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 paid a $0.80 dividend. The ex-dividend date is Tuesday, March 11th. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.80%. Jackson Financial's payout ratio is 27.95%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JXN shares. Barclays raised their target price 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. Keefe, Bruyette & Woods lifted their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a research report on Friday, February 28th. One 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $97.40.

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.