CV Advisors LLC Acquires Shares of 7,800 Jackson Financial Inc. (NYSE:JXN)

CV Advisors LLC purchased a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,800 shares of the company's stock, valued at approximately $679,000. Jackson Financial accounts for approximately 0.2% of CV Advisors LLC's holdings, making the stock its 21st largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Jackson Financial during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new stake in Jackson Financial during the 4th quarter valued at $44,000. Blue Trust Inc. boosted its position in Jackson Financial by 108.1% during the 4th quarter. Blue Trust Inc. now owns 774 shares of the company's stock valued at $71,000 after buying an additional 402 shares during the period. R Squared Ltd purchased a new stake in Jackson Financial during the 4th quarter valued at $126,000. Finally, GAMMA Investing LLC boosted its position in Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after buying an additional 118 shares during the period. Hedge funds and other institutional investors own 89.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a research report on Friday, February 28th. Barclays raised their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $97.40.

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Jackson Financial Trading Up 0.2 %

Shares of NYSE:JXN traded up $0.15 on Thursday, hitting $84.29. The company had a trading volume of 1,325,629 shares, compared to its average volume of 648,690. The firm's 50-day simple moving average is $89.45 and its two-hundred day simple moving average is $92.71. Jackson Financial Inc. has a 1 year low of $62.17 and a 1 year high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 7.36 and a beta of 1.48.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly 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 the consensus estimate of $1.81 billion. Equities analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.80%. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. Jackson Financial's dividend payout ratio (DPR) is presently 27.95%.

Insider Buying and Selling

In related news, CEO Scott Romine sold 7,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

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.