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Ibex Wealth Advisors Makes New Investment in Jackson Financial Inc. (NYSE:JXN)

Jackson Financial logo with Finance background

Ibex Wealth Advisors bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 195,860 shares of the company's stock, valued at approximately $17,055,000. Jackson Financial makes up approximately 2.0% of Ibex Wealth Advisors' holdings, making the stock its 8th largest holding. Ibex Wealth Advisors owned approximately 0.27% of Jackson Financial as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Jackson Financial by 7.1% in the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after acquiring an additional 118 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Jackson Financial by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company's stock worth $1,032,000 after purchasing an additional 159 shares during the period. Janney Montgomery Scott LLC boosted its position in Jackson Financial by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after buying an additional 168 shares during the last quarter. Blue Trust Inc. increased its holdings in Jackson Financial by 232.1% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after buying an additional 260 shares during the period. Finally, Plato Investment Management Ltd raised its position in Jackson Financial by 10.9% during the 3rd quarter. Plato Investment Management Ltd now owns 2,845 shares of the company's stock worth $259,000 after buying an additional 279 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JXN has been the subject of several recent research reports. Barclays reduced their target price on shares of Jackson Financial from $117.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Evercore ISI downgraded Jackson Financial from an "in-line" rating to an "underperform" rating and upped their target price for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $92.40.

Get Our Latest Analysis on JXN

Jackson Financial Price Performance

Shares of Jackson Financial stock traded down $2.54 during trading hours on Friday, reaching $94.21. The stock had a trading volume of 501,144 shares, compared to its average volume of 504,415. The stock's 50 day moving average is $92.50 and its 200 day moving average is $91.87. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a twelve month low of $48.00 and a twelve month high of $115.22. The firm has a market capitalization of $6.96 billion, a PE ratio of -7.45 and a beta of 1.46.

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 the consensus estimate of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm posted $3.80 earnings per share. Equities analysts expect that Jackson Financial Inc. will post 18.85 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.70 dividend. The ex-dividend date was Thursday, December 5th. This represents a $2.80 annualized dividend and a dividend yield of 2.97%. Jackson Financial's dividend payout ratio (DPR) is -22.15%.

Insider Transactions at Jackson Financial

In other news, Director Gregory T. Durant acquired 1,500 shares of Jackson Financial stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $90.28 per share, with a total value of $135,420.00. Following the purchase, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company's stock.

Jackson Financial Profile

(Free Report)

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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Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

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