Trexquant Investment LP Makes New Investment in Jackson Financial Inc. (NYSE:JXN)

Trexquant Investment LP bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,648 shares of the company's stock, valued at approximately $2,843,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd raised its stake in shares of Jackson Financial by 300.0% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company's stock valued at $1,460,000 after acquiring an additional 12,000 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Jackson Financial during the fourth quarter valued at approximately $1,160,000. World Investment Advisors LLC bought a new position in shares of Jackson Financial in the third quarter valued at approximately $31,000. Stifel Financial Corp lifted its stake in shares of Jackson Financial by 43.3% in the third quarter. Stifel Financial Corp now owns 47,564 shares of the company's stock worth $4,340,000 after buying an additional 14,364 shares during the last quarter. Finally, New York Life Investment Management LLC bought a new stake in shares of Jackson Financial during the 4th quarter worth $689,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

JXN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday. Barclays cut their price objective on Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Morgan Stanley lowered their target price on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Thursday. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $91.40.

Insiders Place Their Bets

In other news, CEO Craig Donald Smith sold 20,607 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $69.52, for a total value of $1,432,598.64. Following the sale, the chief executive officer now directly owns 116,423 shares in the company, valued at approximately $8,093,726.96. This represents a 15.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 85,276 shares of the company's stock, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Jackson Financial Stock Performance

Shares of NYSE:JXN traded up $0.73 on Friday, hitting $71.88. 828,924 shares of the company were exchanged, compared to its average volume of 753,023. The company's 50 day moving average price is $84.68 and its two-hundred day moving average price is $91.89. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 6.28 and a beta of 1.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a one year low of $62.81 and a one year high of $115.22.

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 during the quarter, compared to analysts' expectations of $1.81 billion. Research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were given a $0.80 dividend. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.45%. The ex-dividend date was Tuesday, March 11th. Jackson Financial's dividend payout ratio (DPR) is 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.