Jackson Financial Inc. (NYSE:JXN) Holdings Raised by Fox Run Management L.L.C.

Fox Run Management L.L.C. boosted its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 96.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,114 shares of the company's stock after purchasing an additional 5,446 shares during the period. Fox Run Management L.L.C.'s holdings in Jackson Financial were worth $968,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JXN. Empowered Funds LLC purchased a new stake in shares of Jackson Financial during the fourth quarter worth $26,000. World Investment Advisors LLC purchased a new stake in Jackson Financial in the third quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Jackson Financial in the 4th quarter valued at about $44,000. Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 426 shares during the period. Finally, R Squared Ltd acquired a new stake in Jackson Financial during the 4th quarter worth $126,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the company's 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 of the company's stock, valued at $7,199,852.68. This represents a 7.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have commented on JXN. Keefe, Bruyette & Woods upped their price objective 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 upped their price target on Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a 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 assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $97.40.

Jackson Financial Trading Down 2.2 %

NYSE:JXN traded down $1.90 on Thursday, reaching $85.75. The stock had a trading volume of 786,734 shares, compared to its average volume of 679,574. Jackson Financial Inc. has a 12-month low of $62.81 and a 12-month high of $115.22. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 7.49 and a beta of 1.48. The firm's fifty day moving average is $89.35 and its two-hundred day moving average is $92.77. 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 announced its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts' consensus estimates 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. Equities analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were issued a dividend of $0.80 per share. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 3.73%. Jackson Financial's payout ratio is presently 27.95%.

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.