CenterBook Partners LP Buys 3,739 Shares of Jackson Financial Inc. (NYSE:JXN)

CenterBook Partners LP boosted its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 42.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,643 shares of the company's stock after buying an additional 3,739 shares during the period. CenterBook Partners LP's holdings in Jackson Financial were worth $1,101,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JXN. Empowered Funds LLC bought a new position in Jackson Financial in the fourth quarter valued at about $26,000. World Investment Advisors LLC bought a new position in Jackson Financial in the 3rd quarter valued at approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in Jackson Financial in the fourth quarter valued at approximately $44,000. Blue Trust Inc. grew its stake in shares of Jackson Financial by 114.5% during the fourth 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 position in shares of Jackson Financial during the fourth quarter worth $126,000. 89.96% of the stock is owned by institutional investors.

Insider Transactions at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at $8,093,726.96. This trade represents a 15.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

JXN has been the subject of a number of recent research reports. Barclays lowered their target price on Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Morgan Stanley dropped their price objective on shares of Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Jackson Financial has a consensus rating of "Hold" and an average target price of $91.40.

Jackson Financial Trading Up 1.7 %

NYSE:JXN traded up $1.23 on Thursday, reaching $72.87. 218,438 shares of the stock traded hands, compared to its average volume of 752,785. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 6.36 and a beta of 1.49. Jackson Financial Inc. has a 1-year low of $63.25 and a 1-year high of $115.22. 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 company's 50 day moving average is $83.48 and its 200-day moving average is $91.50.

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

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.39%. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial's dividend payout ratio is presently 27.95%.

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.