Versor Investments LP Purchases 10,483 Shares of Jackson Financial Inc. (NYSE:JXN)

Versor Investments LP increased its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 145.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,710 shares of the company's stock after buying an additional 10,483 shares during the period. Versor Investments LP's holdings in Jackson Financial were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Hantz Financial Services Inc. acquired a new position in Jackson Financial in the 2nd quarter valued at $25,000. Blue Trust Inc. lifted its position in Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after purchasing an additional 260 shares during the period. EverSource Wealth Advisors LLC lifted its position in 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 purchasing an additional 316 shares during the period. GAMMA Investing LLC grew its stake in Jackson Financial by 60.8% during the second quarter. GAMMA Investing LLC now owns 775 shares of the company's stock worth $58,000 after buying an additional 293 shares in the last quarter. Finally, CWM LLC increased its holdings in Jackson Financial by 80.5% in the 2nd quarter. CWM LLC now owns 1,025 shares of the company's stock valued at $76,000 after buying an additional 457 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on JXN shares. Barclays upped 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. Morgan Stanley raised their target price on Jackson Financial from $86.00 to $89.00 and gave the company an "equal weight" rating in a report on Monday, August 19th. Jefferies Financial Group boosted their price target on Jackson Financial from $73.00 to $80.00 and gave the stock a "hold" rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $80.00 to $82.00 and gave the company a "market perform" rating in a research note on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $80.33.

Insider Buying and Selling

In related news, EVP Carrie Chelko sold 5,500 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the completion of the transaction, the executive vice president now directly owns 61,829 shares of the company's stock, valued at $5,645,605.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Jackson Financial Price Performance

Shares of NYSE:JXN traded up $5.01 during trading on Monday, hitting $113.30. 775,847 shares of the company were exchanged, compared to its average volume of 736,316. Jackson Financial Inc. has a 1-year low of $42.22 and a 1-year high of $115.22. The company has a market capitalization of $8.52 billion, a P/E ratio of -9.05 and a beta of 1.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The business's 50 day moving average is $94.01 and its 200-day moving average is $83.48.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the previous year, the company earned $3.80 EPS. Equities analysts forecast that Jackson Financial Inc. will post 18.85 earnings per share for the current year.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued 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 dividend yield of 2.47%. Jackson Financial's dividend payout ratio (DPR) is presently -22.15%.

Jackson Financial declared that its board has initiated a stock repurchase program on Wednesday, August 7th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the company to reacquire up to 10.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

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.