Corient Private Wealth LLC Purchases 9,518 Shares of Jackson Financial Inc. (NYSE:JXN)

Corient Private Wealth LLC lifted its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 241.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,460 shares of the company's stock after buying an additional 9,518 shares during the period. Corient Private Wealth LLC's holdings in Jackson Financial were worth $1,173,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. 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 position in shares of Jackson Financial during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in Jackson Financial during the fourth quarter worth approximately $44,000. Blue Trust Inc. raised 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 bought a new stake in shares of Jackson Financial during the 4th quarter worth approximately $126,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JXN has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price 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. Barclays upped their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Jackson Financial currently has an average rating of "Hold" and an average target price of $97.40.

Remove Ads

Jackson Financial Stock Performance

Shares of JXN traded down $2.59 during mid-day trading on Friday, hitting $83.15. The stock had a trading volume of 713,351 shares, compared to its average volume of 731,613. The business has a fifty day moving average price of $89.03 and a 200-day moving average price of $92.93. Jackson Financial Inc. has a 52 week low of $62.81 and a 52 week high of $115.22. The firm has a market cap of $6.04 billion, a P/E ratio of 7.26 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its 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 analyst estimates of $1.81 billion. On average, equities research analysts expect that Jackson Financial Inc. will post 20.55 EPS 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 paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's payout ratio is 27.95%.

Insider Buying and Selling at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the sale, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company's stock.

Jackson Financial Company 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.