Jackson Financial Inc. (NYSE:JXN) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 69.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,900 shares of the company's stock after buying an additional 9,000 shares during the quarter. Handelsbanken Fonder AB's holdings in Jackson Financial were worth $1,907,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC acquired a new position in shares of Jackson Financial during the 4th quarter valued at about $26,000. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 260 shares during the last quarter. R Squared Ltd acquired a new position in shares of Jackson Financial during the 4th quarter valued at about $126,000. Harbor Capital Advisors Inc. acquired a new position in shares of Jackson Financial during the 3rd quarter valued at about $141,000. Finally, GAMMA Investing LLC lifted its position in Jackson Financial by 7.1% in the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on JXN. Evercore ISI cut shares of Jackson Financial from an "in-line" rating to an "underperform" rating and upped their target price for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Keefe, Bruyette & Woods upped their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a research report on Friday. Finally, Barclays upped their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. One investment 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, Jackson Financial currently has an average rating of "Hold" and a consensus target price of $97.40.

Insider Buying and Selling at Jackson Financial

In related news, Director Gregory T. Durant purchased 1,500 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were 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 of the company's stock, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Jackson Financial Stock Up 3.3 %

Shares of JXN traded up $2.95 during mid-day trading on Friday, hitting $91.66. 1,118,524 shares of the company's stock were exchanged, compared to its average volume of 629,442. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 8.01 and a beta of 1.47. Jackson Financial Inc. has a fifty-two week low of $54.47 and a fifty-two week high of $115.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The stock's 50-day moving average is $90.81 and its 200-day moving average is $92.94.

Jackson Financial (NYSE:JXN - Get Free Report) last released its 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 company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.81 billion. On average, sell-side analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.49%. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial's dividend 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.