Jackson Creek Investment Advisors LLC bought a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,524 shares of the company's stock, valued at approximately $1,265,000.
Other large investors have also added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd boosted its holdings in Jackson Financial by 300.0% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company's stock worth $1,460,000 after purchasing an additional 12,000 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Jackson Financial during the third quarter worth $897,000. Assetmark Inc. raised its position in Jackson Financial by 7.9% during the third quarter. Assetmark Inc. now owns 91,641 shares of the company's stock worth $8,360,000 after acquiring an additional 6,724 shares in the last quarter. World Investment Advisors LLC bought a new stake in Jackson Financial during the third quarter worth $31,000. Finally, Centaurus Financial Inc. raised its position in Jackson Financial by 135.1% during the third quarter. Centaurus Financial Inc. now owns 10,169 shares of the company's stock worth $928,000 after acquiring an additional 5,844 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on JXN shares. Barclays upped their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Evercore ISI lowered shares of Jackson Financial from an "in-line" rating to an "underperform" rating and upped their price target for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a research report on Friday, February 28th. 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 a consensus rating of "Hold" and a consensus target price of $97.40.
Check Out Our Latest Analysis on JXN
Jackson Financial Stock Performance
Shares of JXN traded up $1.41 during trading hours on Friday, hitting $84.73. The company had a trading volume of 799,367 shares, compared to its average volume of 665,924. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 7.40 and a beta of 1.48. The business has a fifty day moving average of $90.46 and a 200-day moving average of $92.90. Jackson Financial Inc. has a 12 month low of $58.02 and a 12 month high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.
Jackson Financial (NYSE:JXN - Get Free Report) last released 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Equities analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.
Jackson Financial Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.78%. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. Jackson Financial's dividend payout ratio (DPR) is currently 27.95%.
Insider Buying and Selling
In other news, Director Gregory T. Durant acquired 1,500 shares of Jackson Financial stock in a transaction on Wednesday, December 11th. The shares were purchased 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 represents a 4.91 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.
Jackson Financial Company Profile
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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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