Fmr LLC Acquires 89,798 Shares of Jackson Financial Inc. (NYSE:JXN)

FMR LLC lifted its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 106.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 174,505 shares of the company's stock after purchasing an additional 89,798 shares during the period. FMR LLC owned approximately 0.23% of Jackson Financial worth $15,920,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Hantz Financial Services Inc. bought a new stake in shares of Jackson Financial during the 2nd quarter valued at $25,000. Blue Trust Inc. boosted its holdings in Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after buying an additional 260 shares during the last quarter. CWM LLC grew its position in shares of Jackson Financial by 80.5% during the 2nd quarter. CWM LLC now owns 1,025 shares of the company's stock worth $76,000 after buying an additional 457 shares during the period. Farmers & Merchants Investments Inc. increased its stake in shares of Jackson Financial by 2,173.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,046 shares of the company's stock valued at $78,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Jackson Financial by 1,267.8% in the 2nd quarter. Fifth Third Bancorp now owns 1,614 shares of the company's stock valued at $120,000 after acquiring an additional 1,496 shares during the period. 89.96% of the stock is owned by institutional investors.

Jackson Financial Price Performance

Shares of NYSE JXN traded up $0.69 during midday trading on Wednesday, reaching $90.57. The company's stock had a trading volume of 948,685 shares, compared to its average volume of 732,261. The company has a market cap of $6.69 billion, a P/E ratio of -7.17 and a beta of 1.42. Jackson Financial Inc. has a fifty-two week low of $47.49 and a fifty-two week high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The business's 50 day moving average price is $100.25 and its two-hundred day moving average price is $87.65.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm earned $3.80 EPS. On average, analysts forecast that Jackson Financial Inc. will post 18.8 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.70 dividend. The ex-dividend date is Thursday, December 5th. This represents a $2.80 annualized dividend and a dividend yield of 3.09%. Jackson Financial's payout ratio is -22.15%.

Analysts Set New Price Targets

A number of research firms recently commented on JXN. Barclays upped their price objective on shares of Jackson Financial from $109.00 to $111.00 and gave the company 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 lifted their price objective for the company from $74.00 to $95.00 in a report on Thursday, November 14th. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $80.00 to $82.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 14th. Finally, Morgan Stanley lifted their price target on shares of Jackson Financial from $86.00 to $89.00 and gave the company an "equal weight" rating in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Jackson Financial currently has a consensus rating of "Hold" and a consensus target price of $84.00.

Insider Transactions at Jackson Financial

In other news, EVP Carrie Chelko sold 5,500 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 61,829 shares in the company, valued at approximately $5,645,605.99. This represents a 8.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

About Jackson Financial

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.