Nisa Investment Advisors LLC lifted its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 6,642.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 226,418 shares of the company's stock after purchasing an additional 223,060 shares during the quarter. Nisa Investment Advisors LLC owned 0.31% of Jackson Financial worth $19,716,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after buying an additional 260 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Jackson Financial during the 3rd quarter valued at $141,000. GAMMA Investing LLC grew its position in Jackson Financial by 114.2% during the 3rd 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. CWM LLC increased 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 purchasing an additional 635 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Jackson Financial in the third quarter valued at about $210,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently weighed in on JXN shares. Barclays reduced their price target on Jackson Financial from $117.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Evercore ISI lowered shares of Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Jackson Financial currently has a consensus rating of "Hold" and an average price target of $92.40.
View Our Latest Stock Report on JXN
Jackson Financial Trading Up 0.3 %
Shares of NYSE:JXN traded up $0.28 during trading on Thursday, reaching $95.42. The stock had a trading volume of 548,366 shares, compared to its average volume of 570,005. Jackson Financial Inc. has a 52 week low of $48.00 and a 52 week high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The firm's fifty day moving average is $93.23 and its 200 day moving average is $90.96. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of -7.55 and a beta of 1.46.
Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing analysts' consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $3.80 earnings per share. As a group, equities analysts forecast that Jackson Financial Inc. will post 18.78 EPS for the current fiscal year.
Jackson Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors 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 annualized dividend and a yield of 2.93%. Jackson Financial's dividend payout ratio is currently -22.15%.
Insiders Place Their Bets
In related news, Director Gregory T. Durant purchased 1,500 shares of Jackson Financial stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the acquisition, the director now owns 32,023 shares of the company's stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.
Jackson Financial 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.
Further Reading
Before you consider Jackson Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jackson Financial wasn't on the list.
While Jackson Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
