18,997 Shares in Jackson Financial Inc. (NYSE:JXN) Purchased by Tidal Investments LLC

Tidal Investments LLC purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,997 shares of the company's stock, valued at approximately $1,733,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. acquired a new stake in Jackson Financial in the second quarter valued at $25,000. World Investment Advisors LLC acquired a new stake in Jackson Financial in the 3rd quarter valued at about $31,000. Blue Trust Inc. grew its position in shares of Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock valued at $34,000 after purchasing an additional 260 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Jackson Financial by 2,173.9% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,046 shares of the company's stock worth $78,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Jackson Financial by 1,267.8% in the second quarter. Fifth Third Bancorp now owns 1,614 shares of the company's stock valued at $120,000 after acquiring an additional 1,496 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JXN shares. Barclays raised their price target on Jackson Financial from $109.00 to $111.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Evercore ISI lowered shares of Jackson Financial from an "in-line" rating to an "underperform" rating and raised their price target for the company from $74.00 to $95.00 in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $84.00.

Jackson Financial Stock Down 6.0 %

Shares of JXN stock traded down $5.46 on Wednesday, hitting $84.91. The stock had a trading volume of 885,751 shares, compared to its average volume of 733,641. The stock's 50 day moving average is $99.91 and its 200-day moving average is $88.15. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of -6.72 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 quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm posted $3.80 earnings per share. As a group, research analysts expect that Jackson Financial Inc. will post 18.8 earnings per share for the current year.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a yield of 3.30%. Jackson Financial's dividend payout ratio (DPR) is presently -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.