Proficio Capital Partners LLC Invests $1.16 Million in Jackson Financial Inc. (NYSE:JXN)

Proficio Capital Partners LLC bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,323 shares of the company's stock, valued at approximately $1,160,000.

Several other large investors have also modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Jackson Financial by 7.1% in the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after purchasing an additional 118 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Jackson Financial by 1.4% in the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company's stock valued at $1,032,000 after purchasing an additional 159 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Jackson Financial by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after purchasing an additional 168 shares during the period. Caprock Group LLC boosted its holdings in shares of Jackson Financial by 4.3% in the fourth quarter. Caprock Group LLC now owns 4,218 shares of the company's stock valued at $367,000 after purchasing an additional 173 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of Jackson Financial by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock valued at $234,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 89.96% of the company's stock.

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Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost 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 in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

Jackson Financial Stock Performance

Shares of JXN traded up $1.41 during trading hours on Friday, reaching $84.73. 799,367 shares of the company traded hands, compared to its average volume of 665,924. The stock has a market capitalization of $6.26 billion, a P/E ratio of 7.40 and a beta of 1.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 12-month low of $58.02 and a 12-month high of $115.22. The business has a fifty day moving average price of $90.46 and a 200-day moving average price of $92.90.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Equities analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.78%. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial's dividend payout ratio is presently 27.95%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a research note on Friday, February 28th. Finally, Evercore ISI downgraded shares of Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their price objective for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Jackson Financial currently has an average rating of "Hold" and an average price target of $97.40.

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.