Intech Investment Management LLC Acquires 22,021 Shares of Jackson Financial Inc. (NYSE:JXN)

Intech Investment Management LLC grew its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 96.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,890 shares of the company's stock after acquiring an additional 22,021 shares during the quarter. Intech Investment Management LLC owned 0.06% of Jackson Financial worth $3,909,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of JXN. Empowered Funds LLC bought a new position in Jackson Financial in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new position in Jackson Financial in the fourth quarter worth about $44,000. Blue Trust Inc. lifted its stake in shares of Jackson Financial by 108.1% in the fourth quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after buying an additional 402 shares in the last quarter. R Squared Ltd bought a new position in shares of Jackson Financial in the fourth quarter worth approximately $126,000. Finally, GAMMA Investing LLC grew its holdings in shares of Jackson Financial by 7.1% during the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after buying an additional 118 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. This trade represents a 7.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

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Jackson Financial Stock Performance

NYSE:JXN traded up $2.99 during trading hours on Monday, reaching $88.57. The company had a trading volume of 1,051,164 shares, compared to its average volume of 676,540. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 7.74 and a beta of 1.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm's 50 day moving average price is $89.38 and its 200-day moving average price is $92.73. Jackson Financial Inc. has a 52 week low of $62.81 and a 52 week high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio is 27.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a report on Friday, February 28th. Barclays boosted their price target on Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $97.40.

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.