Vinva Investment Management Ltd Invests $296,000 in Jackson Financial Inc. (NYSE:JXN)

Vinva Investment Management Ltd acquired a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,395 shares of the company's stock, valued at approximately $296,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of Jackson Financial by 7.1% in the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after purchasing an additional 118 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Jackson Financial by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company's stock valued at $1,032,000 after buying an additional 159 shares during the period. Janney Montgomery Scott LLC lifted its stake in Jackson Financial by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock worth $4,416,000 after acquiring an additional 168 shares during the period. Caprock Group LLC grew its holdings in Jackson Financial by 4.3% during the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company's stock worth $367,000 after acquiring an additional 173 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Jackson Financial by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock valued at $234,000 after purchasing an additional 180 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Stock Down 1.2 %

Shares of Jackson Financial stock traded down $1.04 on Wednesday, reaching $87.63. The stock had a trading volume of 660,775 shares, compared to its average volume of 896,073. Jackson Financial Inc. has a 1 year low of $62.81 and a 1 year high of $115.22. The company has a 50 day moving average price of $89.44 and a 200 day moving average price of $92.81. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $6.37 billion, a P/E ratio of 7.65 and a beta of 1.48.

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

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were paid a $0.80 dividend. The ex-dividend date was Tuesday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.65%. Jackson Financial's dividend payout ratio (DPR) is 27.95%.

Insiders Place Their Bets

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the transaction, the chief executive officer now owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped 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 report on Friday, February 28th. Barclays upped their target price on Jackson Financial from $116.00 to $118.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Jackson Financial presently has a consensus rating of "Hold" and an average target price of $97.40.

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.