Jackson Financial Inc. (NYSE:JXN) Shares Bought by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd lifted its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 300.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,000 shares of the company's stock after buying an additional 12,000 shares during the quarter. Jackson Financial makes up about 0.6% of Gordian Capital Singapore Pte Ltd's investment portfolio, making the stock its 25th largest position. Gordian Capital Singapore Pte Ltd's holdings in Jackson Financial were worth $1,460,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in JXN. Hantz Financial Services Inc. bought a new stake in Jackson Financial in the second quarter worth about $25,000. Blue Trust Inc. increased its position in Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company's stock valued at $34,000 after buying an additional 260 shares in the last quarter. CWM LLC boosted its stake in Jackson Financial by 80.5% in the 2nd quarter. CWM LLC now owns 1,025 shares of the company's stock worth $76,000 after purchasing an additional 457 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Jackson Financial by 2,173.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,046 shares of the company's stock valued at $78,000 after purchasing an additional 1,000 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Jackson Financial by 1,267.8% during the second quarter. Fifth Third Bancorp now owns 1,614 shares of the company's stock worth $120,000 after purchasing an additional 1,496 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Performance

Shares of NYSE:JXN traded down $3.53 on Monday, reaching $94.32. The company's stock had a trading volume of 641,193 shares, compared to its average volume of 729,941. Jackson Financial Inc. has a 52-week low of $47.49 and a 52-week high of $115.22. The stock's 50-day moving average is $100.21 and its two-hundred day moving average is $87.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing analysts' consensus estimates of $4.67 by ($0.07). The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter last year, the firm posted $3.80 earnings per share. As a group, sell-side analysts anticipate that Jackson Financial Inc. will post 18.8 earnings per share for the current year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, December 5th. Jackson Financial's dividend payout ratio (DPR) is -22.15%.

Analysts Set New Price Targets

A number of research analysts have weighed in on JXN shares. Barclays upped their price objective on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Evercore ISI cut Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Morgan Stanley raised their target price on Jackson Financial from $86.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Monday, August 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Jackson Financial from $80.00 to $82.00 and gave the company a "market perform" rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Jackson Financial currently has a consensus rating of "Hold" and a consensus price target of $84.00.

Insider Buying and Selling at Jackson Financial

In other news, EVP Carrie Chelko sold 5,500 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total value of $502,205.00. Following the completion of the sale, the executive vice president now directly owns 61,829 shares in the company, valued at approximately $5,645,605.99. The trade was a 8.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

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.