Van ECK Associates Corp Takes Position in Jackson Financial Inc. (NYSE:JXN)

Van ECK Associates Corp purchased a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,626 shares of the company's stock, valued at approximately $5,192,000. Van ECK Associates Corp owned about 0.08% of Jackson Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JXN. GAMMA Investing LLC lifted its position in Jackson Financial by 7.1% in the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after acquiring an additional 118 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in Jackson Financial by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company's stock valued at $1,032,000 after acquiring an additional 159 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Jackson Financial by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after acquiring an additional 168 shares in the last quarter. Caprock Group LLC lifted its position 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 acquiring an additional 173 shares in the last quarter. Finally, Savant Capital LLC lifted its position in Jackson Financial by 7.5% in the 4th quarter. Savant Capital LLC now owns 3,624 shares of the company's stock valued at $316,000 after acquiring an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JXN shares. Evercore ISI cut Jackson Financial from an "in-line" rating to an "underperform" rating and upped their price objective for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays increased their price target on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Jackson Financial presently has a consensus rating of "Hold" and a consensus target price of $92.80.

Jackson Financial Stock Performance

Shares of NYSE JXN traded down $3.77 during midday trading on Friday, hitting $81.63. 1,357,525 shares of the stock traded hands, compared to its average volume of 527,012. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $6.03 billion, a P/E ratio of 7.13 and a beta of 1.47. Jackson Financial Inc. has a one year low of $48.00 and a one year high of $115.22. The firm has a 50-day moving average of $90.93 and a two-hundred day moving average of $92.65.

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

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio is presently 24.45%.

Insiders Place Their Bets

In other news, Director Gregory T. Durant acquired 1,500 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by company 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.