Arrowstreet Capital Limited Partnership Has $124.61 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

Arrowstreet Capital Limited Partnership decreased its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,430,944 shares of the company's stock after selling 16,433 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.94% of Jackson Financial worth $124,607,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Jackson Financial during the fourth quarter worth approximately $26,000. World Investment Advisors LLC bought a new stake in Jackson Financial during the 3rd quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial in the 4th quarter valued at $44,000. Blue Trust Inc. raised its position in 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 during the last quarter. Finally, R Squared Ltd acquired a new position in Jackson Financial in the fourth quarter worth $126,000. 89.96% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Scott Romine sold 7,000 shares of the company's stock in a transaction 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 owns 85,276 shares in the company, valued at $7,199,852.68. This represents a 7.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Remove Ads

Jackson Financial Trading Down 7.7 %

Shares of NYSE:JXN traded down $5.82 during trading on Friday, hitting $70.18. 1,681,377 shares of the company's stock were exchanged, compared to its average volume of 742,816. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market cap of $5.10 billion, a P/E ratio of 6.13 and a beta of 1.48. The firm has a 50-day moving average price of $87.63 and a two-hundred day moving average price of $92.69. Jackson Financial Inc. has a 1-year low of $62.81 and a 1-year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last released its earnings results 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 analysts' expectations of $1.81 billion. Equities analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.80 per share. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Tuesday, March 11th. Jackson Financial's payout ratio is presently 27.95%.

Analysts Set New Price Targets

JXN has been the subject of a number of research analyst reports. Barclays lifted their price target on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods increased their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $97.40.

About Jackson Financial

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.