Jackson Financial Inc. (NYSE:JXN) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 336.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,313 shares of the company's stock after purchasing an additional 68,078 shares during the quarter. Edgestream Partners L.P. owned about 0.12% of Jackson Financial worth $7,690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JXN. Jackson Creek Investment Advisors LLC acquired a new stake in Jackson Financial in the 4th quarter worth about $1,265,000. Raymond James Financial Inc. purchased a new position in shares of Jackson Financial during the 4th quarter worth about $27,193,000. Aigen Investment Management LP purchased a new position in shares of Jackson Financial during the 4th quarter worth about $641,000. Proficio Capital Partners LLC acquired a new stake in shares of Jackson Financial in the fourth quarter worth approximately $1,160,000. Finally, LVZ Inc. grew its holdings in Jackson Financial by 27.0% in the fourth quarter. LVZ Inc. now owns 3,962 shares of the company's stock valued at $345,000 after purchasing an additional 842 shares during the period. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insiders Place Their Bets

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the purchase, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

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Jackson Financial Trading Up 1.7 %

JXN traded up $1.41 during trading on Friday, hitting $84.73. 799,367 shares of the company's stock were exchanged, compared to its average volume of 665,924. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 1 year low of $58.02 and a 1 year high of $115.22. The stock has a 50 day moving average price of $90.46 and a 200 day moving average price of $92.90. The firm has a market cap of $6.26 billion, a P/E ratio of 7.40 and a beta of 1.48.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.78%. The ex-dividend date is Tuesday, March 11th. Jackson Financial's payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JXN shares. Evercore ISI downgraded shares of Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their target price for the company from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays boosted 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. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Jackson Financial has an average rating of "Hold" and an average price target of $97.40.

Jackson Financial 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.