Versor Investments LP Decreases Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Versor Investments LP decreased its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,927 shares of the company's stock after selling 3,783 shares during the quarter. Versor Investments LP's holdings in Jackson Financial were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Empowered Funds LLC purchased a new position in Jackson Financial in the fourth quarter worth about $26,000. World Investment Advisors LLC bought a new stake in shares of Jackson Financial in the 3rd quarter valued at approximately $31,000. Blue Trust Inc. boosted its holdings in shares of Jackson Financial by 232.1% in the 3rd 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. R Squared Ltd purchased a new position in shares of Jackson Financial in the 4th quarter worth approximately $126,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Jackson Financial during the 3rd quarter valued at approximately $141,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the purchase, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company's stock.

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Jackson Financial Trading Down 3.4 %

JXN stock traded down $3.11 during trading on Monday, hitting $88.52. The company had a trading volume of 1,335,314 shares, compared to its average volume of 660,242. Jackson Financial Inc. has a 52-week low of $54.80 and a 52-week high of $115.22. The company has a 50 day simple moving average of $90.81 and a 200-day simple moving average of $93.06. The firm has a market capitalization of $6.54 billion, a P/E ratio of 7.73 and a beta of 1.47. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

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

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.62%. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial's dividend payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

Several research analysts have commented on JXN shares. Barclays lifted their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods lifted their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a "market perform" rating in a research note on Friday. Finally, Evercore ISI lowered shares of Jackson Financial from an "in-line" rating to an "underperform" rating and increased their price objective for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. One equities research 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 data from MarketBeat, the company has an average rating of "Hold" and an average price target of $97.40.

About Jackson Financial

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.