Public Sector Pension Investment Board Has $14.56 Million Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Public Sector Pension Investment Board grew its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,611 shares of the company's stock after acquiring an additional 10,300 shares during the quarter. Public Sector Pension Investment Board owned 0.21% of Jackson Financial worth $14,561,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Jackson Financial by 5.3% during the first quarter. Public Employees Retirement System of Ohio now owns 48,241 shares of the company's stock worth $3,191,000 after acquiring an additional 2,436 shares during the period. Cetera Investment Advisers bought a new stake in shares of Jackson Financial in the first quarter valued at about $3,812,000. Cetera Advisors LLC boosted its position in shares of Jackson Financial by 11.7% during the first quarter. Cetera Advisors LLC now owns 5,503 shares of the company's stock worth $364,000 after buying an additional 576 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Jackson Financial by 11.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 108,944 shares of the company's stock worth $7,073,000 after buying an additional 11,328 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Jackson Financial by 400.0% during the first quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company's stock worth $27,000 after buying an additional 316 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Jackson Financial Stock Performance

NYSE JXN traded up $0.06 on Friday, hitting $100.19. 285,300 shares of the stock were exchanged, compared to its average volume of 733,486. The company has a market capitalization of $7.40 billion, a PE ratio of -7.93 and a beta of 1.48. 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 business's fifty day moving average is $99.34 and its 200 day moving average is $86.51. Jackson Financial Inc. has a 52 week low of $46.86 and a 52 week high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last issued 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 quarter last year, the firm posted $3.80 earnings per share. Research analysts anticipate that Jackson Financial Inc. will post 18.8 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently disclosed 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 of this dividend is Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.79%. Jackson Financial's payout ratio is -22.15%.

Jackson Financial declared that its board has authorized a stock buyback plan on Wednesday, August 7th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

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

Insider Transactions at Jackson Financial

In other news, EVP Carrie Chelko sold 5,500 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total transaction of $502,205.00. Following the completion of the sale, the executive vice president now owns 61,829 shares in the company, valued at approximately $5,645,605.99. This trade represents a 8.17 % decrease in their position. The transaction was disclosed in a 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

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.