Assenagon Asset Management S.A. increased its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 586.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,253 shares of the company's stock after purchasing an additional 153,992 shares during the period. Assenagon Asset Management S.A. owned 0.24% of Jackson Financial worth $15,696,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new position in shares of Jackson Financial in the 3rd quarter valued at $31,000. Blue Trust Inc. boosted its holdings in Jackson Financial by 232.1% in the third 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. Harbor Capital Advisors Inc. purchased a new stake in Jackson Financial during the third quarter valued at about $141,000. GAMMA Investing LLC increased its stake in Jackson Financial by 114.2% during the third quarter. GAMMA Investing LLC now owns 1,660 shares of the company's stock worth $151,000 after acquiring an additional 885 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Jackson Financial by 62.0% in the 3rd quarter. CWM LLC now owns 1,660 shares of the company's stock worth $151,000 after purchasing an additional 635 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.
Jackson Financial Stock Up 0.1 %
Shares of NYSE JXN traded up $0.07 during trading on Friday, reaching $92.50. 444,816 shares of the stock were exchanged, compared to its average volume of 531,466. Jackson Financial Inc. has a twelve month low of $48.00 and a twelve 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 0.42. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of -7.32 and a beta of 1.46. The business's 50-day moving average price is $94.19 and its 200 day moving average price is $90.55.
Jackson Financial (NYSE:JXN - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $3.80 earnings per share. As a group, equities analysts forecast that Jackson Financial Inc. will post 18.77 EPS for the current fiscal year.
Jackson Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Thursday, December 5th. Jackson Financial's payout ratio is -22.15%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on JXN shares. Barclays dropped their target price on shares of Jackson Financial from $117.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Evercore ISI lowered shares of Jackson Financial from an "in-line" rating to an "underperform" rating and lifted their target price for the company from $74.00 to $95.00 in a report on Thursday, November 14th. One 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $92.40.
Get Our Latest Stock Report on JXN
Insider Transactions at Jackson Financial
In related news, Director Gregory T. Durant bought 1,500 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $90.28 per share, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company's stock.
Jackson Financial Company 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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