Bryce Point Capital LLC Invests $456,000 in Jackson Financial Inc. (NYSE:JXN)

Bryce Point Capital LLC bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,242 shares of the company's stock, valued at approximately $456,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in shares of Jackson Financial in the 4th quarter valued at $26,000. World Investment Advisors LLC acquired a new stake in shares of Jackson Financial during the third quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new position in Jackson Financial in the 4th quarter worth approximately $44,000. Blue Trust Inc. raised its position in 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 Jackson Financial during the 4th quarter valued at approximately $126,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Price Performance

Shares of NYSE JXN traded down $6.46 during trading on Thursday, hitting $71.11. The company had a trading volume of 309,078 shares, compared to its average volume of 749,028. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 6.23 and a beta of 1.49. Jackson Financial Inc. has a fifty-two week low of $62.81 and a fifty-two week high of $115.22. The stock has a fifty day simple moving average of $85.46 and a two-hundred day simple moving average of $92.14. 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 (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.81 billion. On average, research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently disclosed 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 represents a $3.20 annualized dividend and a yield of 4.50%. The ex-dividend date was Tuesday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio is currently 27.95%.

Analysts Set New Price Targets

JXN has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday. Barclays lifted their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. One investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $94.40.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the completion of the transaction, the chief executive officer now directly owns 116,423 shares in the company, valued at approximately $8,093,726.96. This trade represents a 15.04 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.