KBC Group NV Buys 34,524 Shares of Jackson Financial Inc. (NYSE:JXN)

KBC Group NV raised its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 1,495.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,833 shares of the company's stock after acquiring an additional 34,524 shares during the period. KBC Group NV's holdings in Jackson Financial were worth $3,207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JXN. Bank of Montreal Can grew its position in Jackson Financial by 249.3% during the 2nd quarter. Bank of Montreal Can now owns 34,300 shares of the company's stock valued at $2,570,000 after purchasing an additional 24,480 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Jackson Financial by 10.5% in the second quarter. Cetera Investment Advisers now owns 63,707 shares of the company's stock worth $4,731,000 after buying an additional 6,079 shares in the last quarter. Centaurus Financial Inc. lifted its stake in shares of Jackson Financial by 25.1% in the second quarter. Centaurus Financial Inc. now owns 4,325 shares of the company's stock worth $321,000 after buying an additional 867 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Jackson Financial by 114.2% during the third quarter. GAMMA Investing LLC now owns 1,660 shares of the company's stock valued at $151,000 after acquiring an additional 885 shares in the last quarter. Finally, CWM LLC raised its holdings in 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 acquiring an additional 635 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Gregory T. Durant purchased 1,500 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $90.28 per share, with a total value of $135,420.00. Following the completion of the acquisition, the director now owns 32,023 shares of the company's stock, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

Jackson Financial Stock Performance

Shares of JXN opened at $94.21 on Friday. The firm has a market capitalization of $6.96 billion, a P/E ratio of -7.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a one year low of $48.00 and a one year high of $115.22. The business has a fifty day moving average of $92.50 and a 200 day moving average of $91.74.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the prior year, the firm earned $3.80 earnings per share. As a group, sell-side analysts anticipate that Jackson Financial Inc. will post 18.85 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, December 5th. Jackson Financial's dividend payout ratio is presently -22.15%.

Analyst Ratings Changes

Several brokerages have commented on JXN. Barclays cut their target price on Jackson Financial from $117.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Evercore ISI downgraded Jackson Financial from an "in-line" rating to an "underperform" rating and lifted their price objective for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Jackson Financial has an average rating of "Hold" and an average price target of $92.40.

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.

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