Harvest Investment Services LLC Buys New Position in Jackson Financial Inc. (NYSE:JXN)

Harvest Investment Services LLC bought a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 10,193 shares of the company's stock, valued at approximately $888,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of JXN. Stifel Financial Corp increased its holdings in Jackson Financial by 4.1% during the 4th quarter. Stifel Financial Corp now owns 49,502 shares of the company's stock worth $4,310,000 after purchasing an additional 1,938 shares during the period. Tower Research Capital LLC TRC raised its holdings in Jackson Financial by 826.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,751 shares of the company's stock valued at $327,000 after acquiring an additional 3,346 shares in the last quarter. MML Investors Services LLC lifted its stake in Jackson Financial by 1.7% in the fourth quarter. MML Investors Services LLC now owns 13,530 shares of the company's stock worth $1,178,000 after acquiring an additional 225 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Jackson Financial by 3.7% during the 4th quarter. MetLife Investment Management LLC now owns 45,046 shares of the company's stock worth $3,923,000 after acquiring an additional 1,592 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Jackson Financial by 13.4% in the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock valued at $360,036,000 after purchasing an additional 487,803 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Stock Performance

Shares of NYSE:JXN opened at $72.62 on Wednesday. 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 Inc. has a 12 month low of $64.70 and a 12 month high of $115.22. The business has a 50-day moving average of $81.84 and a two-hundred day moving average of $90.93. The firm has a market capitalization of $5.28 billion, a PE ratio of 6.34 and a beta of 1.49.

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

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.41%. Jackson Financial's dividend payout ratio (DPR) is 27.95%.

Analyst Ratings Changes

A number of research firms have recently commented on JXN. Keefe, Bruyette & Woods dropped their price objective on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley reduced 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, April 10th. Finally, Barclays dropped their target price on shares of Jackson Financial from $118.00 to $106.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $91.40.

Insiders Place Their Bets

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $69.52, for a total value of $1,432,598.64. Following the sale, the chief executive officer now directly owns 116,423 shares in the company, valued at approximately $8,093,726.96. This trade represents a 15.04 % decrease in their ownership of the stock. 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 Jackson Financial stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the sale, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. This 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 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.

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