Janus Henderson Group PLC Buys 14,675 Shares of Jackson Financial Inc. (NYSE:JXN)

Janus Henderson Group PLC increased its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 29.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,219 shares of the company's stock after purchasing an additional 14,675 shares during the period. Janus Henderson Group PLC owned approximately 0.09% of Jackson Financial worth $5,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in JXN. International Assets Investment Management LLC lifted its holdings in Jackson Financial by 9,363.9% during the 3rd quarter. International Assets Investment Management LLC now owns 942,039 shares of the company's stock worth $85,942,000 after purchasing an additional 932,085 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Jackson Financial by 146.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,219,218 shares of the company's stock valued at $90,525,000 after acquiring an additional 724,148 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Jackson Financial in the 3rd quarter valued at $40,795,000. LSV Asset Management raised its holdings in Jackson Financial by 2,459.7% in the 2nd quarter. LSV Asset Management now owns 439,339 shares of the company's stock valued at $32,625,000 after acquiring an additional 422,175 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Jackson Financial by 40.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company's stock valued at $95,874,000 after acquiring an additional 300,520 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Carrie Chelko sold 5,500 shares of the business's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the sale, the executive vice president now owns 61,829 shares in the company, valued at $5,645,605.99. The trade was a 8.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JXN has been the subject of several analyst reports. 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 lifted their price objective on Jackson Financial from $80.00 to $82.00 and gave the company a "market perform" rating in a report on Wednesday, August 14th. Morgan Stanley lifted their price objective on Jackson Financial from $86.00 to $89.00 and gave the company an "equal weight" rating in a report on Monday, August 19th. Finally, Barclays lifted their price objective on Jackson Financial from $109.00 to $111.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Jackson Financial presently has an average rating of "Hold" and a consensus price target of $84.00.

Jackson Financial Price Performance

Shares of JXN traded down $4.39 during midday trading on Tuesday, hitting $89.93. The company's stock had a trading volume of 751,022 shares, compared to its average volume of 731,275. Jackson Financial Inc. has a one year low of $47.49 and a one year high of $115.22. The company's fifty day simple moving average is $100.27 and its two-hundred day simple moving average is $87.63. 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 stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of -7.11 and a beta of 1.42.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm posted $3.80 EPS. As a group, equities analysts expect that Jackson Financial Inc. will post 18.8 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a yield of 3.11%. Jackson Financial's dividend payout ratio is currently -22.15%.

Jackson Financial Company 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.