ExodusPoint Capital Management LP Makes New $7.62 Million Investment in Jackson Financial Inc. (NYSE:JXN)

ExodusPoint Capital Management LP bought a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 87,511 shares of the company's stock, valued at approximately $7,620,000. ExodusPoint Capital Management LP owned about 0.12% of Jackson Financial at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC lifted its holdings in Jackson Financial by 84.8% during the 3rd quarter. Cerity Partners LLC now owns 8,022 shares of the company's stock worth $732,000 after buying an additional 3,681 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Jackson Financial by 9.6% in the third quarter. The Manufacturers Life Insurance Company now owns 48,918 shares of the company's stock valued at $4,463,000 after acquiring an additional 4,290 shares during the last quarter. FMR LLC increased its position in Jackson Financial by 106.0% in the third quarter. FMR LLC now owns 174,505 shares of the company's stock worth $15,920,000 after purchasing an additional 89,798 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Jackson Financial by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 3,362 shares of the company's stock worth $307,000 after buying an additional 411 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Jackson Financial by 0.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 172,117 shares of the company's stock valued at $15,702,000 after purchasing an additional 757 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Down 8.2 %

Jackson Financial stock traded down $6.37 during midday trading on Thursday, reaching $71.20. The stock had a trading volume of 356,150 shares, compared to its average volume of 749,225. The stock has a market capitalization of $5.17 billion, a P/E ratio of 6.23 and a beta of 1.49. The firm's fifty day simple moving average is $85.46 and its 200-day simple moving average is $92.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a 1-year low of $62.81 and a 1-year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion during 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were paid a $0.80 dividend. 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 4.49%. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial's dividend payout ratio (DPR) is 27.95%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their price target on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a research note on Wednesday. Barclays increased their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Finally, Morgan Stanley lowered 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 research report on Thursday. One equities 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's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $93.80.

Insider Buying and Selling

In other news, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the sale, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. This trade represents a 15.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was 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 of the company's stock, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate 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.