Pathstone Holdings LLC Has $1.69 Million Holdings in Jackson Financial Inc. (NYSE:JXN)

Pathstone Holdings LLC trimmed its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 26.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,542 shares of the company's stock after selling 6,720 shares during the period. Pathstone Holdings LLC's holdings in Jackson Financial were worth $1,692,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new position in shares of Jackson Financial in the second quarter valued at approximately $25,000. Blue Trust Inc. increased its holdings in Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company's stock valued at $34,000 after purchasing an additional 260 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Jackson Financial by 400.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company's stock valued at $27,000 after purchasing an additional 316 shares during the last quarter. GAMMA Investing LLC raised its position in Jackson Financial by 60.8% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the company's stock valued at $58,000 after purchasing an additional 293 shares during the last quarter. Finally, CWM LLC boosted its stake in Jackson Financial by 80.5% in the second quarter. CWM LLC now owns 1,025 shares of the company's stock worth $76,000 after purchasing an additional 457 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on JXN. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $80.00 to $82.00 and gave the company a "market perform" rating in a research note on Wednesday, August 14th. Evercore ISI cut shares of Jackson Financial from an "in-line" rating to an "underperform" rating and raised their price objective for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays upped their target price on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley raised their price target on shares of Jackson Financial from $86.00 to $89.00 and gave the company an "equal weight" rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $84.00.

Jackson Financial Trading Down 2.2 %

Jackson Financial stock traded down $2.30 during trading hours on Thursday, reaching $100.13. 903,847 shares of the company's stock traded hands, compared to its average volume of 735,211. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of -7.91 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a fifty-two week low of $46.70 and a fifty-two week high of $115.22. The firm's 50 day moving average is $98.98 and its 200-day moving average is $86.24.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.07). The company 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 company earned $3.80 EPS. On average, analysts predict that Jackson Financial Inc. will post 18.8 earnings per share for the current year.

Jackson Financial announced that its board has initiated a stock buyback plan on Wednesday, August 7th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.70 dividend. The ex-dividend date is Thursday, December 5th. This represents a $2.80 annualized dividend and a dividend yield of 2.80%. 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.