Caisse Des Depots ET Consignations bought a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,651 shares of the company's stock, valued at approximately $5,020,000. Caisse Des Depots ET Consignations owned 0.08% of Jackson Financial as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Jackson Financial during the 4th quarter worth $27,193,000. Charles Schwab Investment Management Inc. increased its stake in shares of Jackson Financial by 40.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company's stock worth $95,874,000 after acquiring an additional 300,520 shares during the period. Victory Capital Management Inc. raised its holdings in Jackson Financial by 196.4% during the fourth quarter. Victory Capital Management Inc. now owns 447,245 shares of the company's stock worth $38,946,000 after purchasing an additional 296,367 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Jackson Financial by 6,642.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company's stock valued at $19,716,000 after purchasing an additional 223,060 shares during the period. Finally, Four Tree Island Advisory LLC purchased a new stake in Jackson Financial in the 4th quarter valued at approximately $19,298,000. Hedge funds and other institutional investors own 89.96% of the company's stock.
Insiders Place Their Bets
In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction dated 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 owns 85,276 shares in the company, valued at $7,199,852.68. The trade was a 7.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several analysts have recently commented on JXN shares. Keefe, Bruyette & Woods raised their price target 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 raised their target price on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a 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 issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $97.40.
View Our Latest Report on JXN
Jackson Financial Price Performance
Shares of JXN traded up $0.29 on Monday, reaching $83.42. The stock had a trading volume of 162,640 shares, compared to its average volume of 729,378. Jackson Financial Inc. has a twelve month low of $62.81 and a twelve month high of $115.22. The firm has a market capitalization of $6.06 billion, a PE ratio of 7.28 and a beta of 1.48. The firm has a 50-day moving average of $89.03 and a 200 day moving average of $92.93. 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 announced 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Sell-side analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.
Jackson Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 3.84%. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio (DPR) is 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.
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