Stifel Financial Corp Boosts Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Stifel Financial Corp increased its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 43.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,564 shares of the company's stock after buying an additional 14,364 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of Jackson Financial worth $4,340,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC bought a new position in Jackson Financial during the third quarter worth about $897,000. Assetmark Inc. lifted its position in Jackson Financial by 7.9% during the third quarter. Assetmark Inc. now owns 91,641 shares of the company's stock worth $8,360,000 after purchasing an additional 6,724 shares during the period. Versor Investments LP increased its holdings in Jackson Financial by 145.1% in the 3rd quarter. Versor Investments LP now owns 17,710 shares of the company's stock valued at $1,616,000 after buying an additional 10,483 shares during the period. Centaurus Financial Inc. raised its position in shares of Jackson Financial by 135.1% in the 3rd quarter. Centaurus Financial Inc. now owns 10,169 shares of the company's stock valued at $928,000 after buying an additional 5,844 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of Jackson Financial by 6.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 159,611 shares of the company's stock valued at $14,561,000 after purchasing an additional 10,300 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Up 1.0 %

Shares of Jackson Financial stock traded up $0.88 during midday trading on Monday, hitting $92.43. The company had a trading volume of 816,352 shares, compared to its average volume of 731,924. The company has a 50 day moving average of $100.13 and a 200 day moving average of $87.93. The stock has a market capitalization of $6.83 billion, a P/E ratio of -7.31 and a beta of 1.42. Jackson Financial Inc. has a 52-week low of $47.49 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.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing analysts' consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company posted $3.80 earnings per share. On average, equities analysts predict that Jackson Financial Inc. will post 18.8 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, December 5th. Jackson Financial's dividend payout ratio (DPR) is presently -22.15%.

Insider Activity

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Carrie Chelko sold 5,500 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total value of $502,205.00. Following the completion of the sale, the executive vice president now owns 61,829 shares of the company's stock, valued at approximately $5,645,605.99. This trade represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Evercore ISI lowered Jackson Financial from an "in-line" rating to an "underperform" rating and raised their target price for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Morgan Stanley upped their target price on shares of Jackson Financial from $86.00 to $89.00 and gave the stock an "equal weight" rating in a report on Monday, August 19th. Finally, Barclays boosted their price target on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $84.00.

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.