Kera Capital Partners Inc. Takes $6.50 Million Position in Jackson Financial Inc. (NYSE:JXN)

Kera Capital Partners Inc. purchased a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 74,642 shares of the company's stock, valued at approximately $6,500,000. Jackson Financial accounts for approximately 1.9% of Kera Capital Partners Inc.'s holdings, making the stock its 16th biggest holding. Kera Capital Partners Inc. owned 0.10% of Jackson Financial at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. World Investment Advisors LLC bought a new position in shares of Jackson Financial during the third quarter worth about $31,000. Blue Trust Inc. boosted its position in Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after acquiring an additional 260 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Jackson Financial during the 3rd quarter worth approximately $141,000. GAMMA Investing LLC raised its holdings in shares of Jackson Financial by 114.2% in the third quarter. GAMMA Investing LLC now owns 1,660 shares of the company's stock valued at $151,000 after purchasing an additional 885 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Jackson Financial by 62.0% in the third quarter. CWM LLC now owns 1,660 shares of the company's stock worth $151,000 after purchasing an additional 635 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Insider Buying and Selling

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the purchase, the director now owns 32,023 shares of the company's stock, valued at approximately $2,891,036.44. The trade was a 4.91 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

JXN has been the subject of a number of analyst reports. Evercore ISI downgraded shares of Jackson Financial from an "in-line" rating to an "underperform" rating and raised their target price for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays decreased their price objective on Jackson Financial from $117.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 6th. One investment 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. Based on data from MarketBeat, Jackson Financial has a consensus rating of "Hold" and an average target price of $92.40.

Jackson Financial Stock Performance

Jackson Financial stock traded up $0.07 during mid-day trading on Friday, hitting $92.50. 444,816 shares of the company's stock traded hands, compared to its average volume of 531,466. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a 50 day simple moving average of $94.19 and a two-hundred day simple moving average of $90.66. Jackson Financial Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $115.22. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of -7.32 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company posted $3.80 EPS. On average, research analysts expect that Jackson Financial Inc. will post 18.77 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently announced 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. The ex-dividend date was Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. Jackson Financial's dividend payout ratio (DPR) is currently -22.15%.

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.