Jackson Financial Inc. (NYSE:JXN) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,099,517 shares of the company's stock after buying an additional 13,362 shares during the quarter. Geode Capital Management LLC owned 2.84% of Jackson Financial worth $188,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of JXN. Empowered Funds LLC bought a new position in shares of Jackson Financial in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Jackson Financial in the fourth quarter worth approximately $44,000. Blue Trust Inc. boosted its stake in shares of Jackson Financial by 108.1% in the 4th quarter. Blue Trust Inc. now owns 774 shares of the company's stock valued at $71,000 after purchasing an additional 402 shares during the last quarter. R Squared Ltd acquired a new stake in Jackson Financial during the 4th quarter worth about $126,000. Finally, CIBC Private Wealth Group LLC lifted its stake in Jackson Financial by 904.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,486 shares of the company's stock valued at $132,000 after buying an additional 1,338 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Up 1.0 %

JXN traded up $0.73 during trading on Friday, reaching $71.88. The stock had a trading volume of 828,924 shares, compared to its average volume of 753,023. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $84.68 and its two-hundred day moving average is $91.89. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 6.28 and a beta of 1.49. Jackson Financial Inc. has a one year low of $62.81 and a one year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.81 billion. As a group, analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.45%. The ex-dividend date 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 currently 27.95%.

Insider Buying and Selling

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 transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at $7,199,852.68. This represents a 7.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the completion of the sale, the chief executive officer now owns 116,423 shares of the company's stock, valued at $8,093,726.96. The trade was a 15.04 % 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 insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on JXN shares. Barclays reduced their price objective on shares of Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a report on Friday. Morgan Stanley decreased 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 report on Thursday. Finally, Keefe, Bruyette & Woods dropped their price target on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $91.40.

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.