Proficio Capital Partners LLC Acquires New Position in Jackson Financial Inc. (NYSE:JXN)

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in 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 buying an additional 118 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Jackson Financial by 1.4% during 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 in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Jackson Financial by 0.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock worth $4,416,000 after purchasing an additional 168 shares in the last quarter. Caprock Group LLC lifted its stake in Jackson Financial by 4.3% in the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company's stock valued at $367,000 after buying an additional 173 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Jackson Financial by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock worth $234,000 after buying an additional 180 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the sale, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on JXN shares. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a report on Friday, February 28th. Barclays raised their price objective on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $97.40.

Jackson Financial Trading Up 3.5 %

Jackson Financial stock traded up $2.99 during mid-day trading on Monday, hitting $88.57. The company's stock had a trading volume of 1,051,155 shares, compared to its average volume of 899,979. The stock's fifty day moving average is $89.38 and its two-hundred day moving average is $92.73. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $6.43 billion, a PE ratio of 7.74 and a beta of 1.48. Jackson Financial Inc. has a 1 year low of $62.81 and a 1 year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. On average, analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.61%. Jackson Financial's dividend payout ratio (DPR) is currently 27.95%.

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.