Wealthcare Advisory Partners LLC increased its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 79.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,930 shares of the company's stock after purchasing an additional 6,188 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Jackson Financial were worth $1,213,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. World Investment Advisors LLC bought a new position in shares of Jackson Financial in the 3rd quarter worth approximately $31,000. Blue Trust Inc. increased its holdings in Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock valued at $34,000 after buying an additional 260 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Jackson Financial in the third quarter worth approximately $141,000. GAMMA Investing LLC boosted its stake in shares of Jackson Financial by 114.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,660 shares of the company's stock worth $151,000 after acquiring an additional 885 shares during the last quarter. Finally, CWM LLC grew its position in shares of Jackson Financial by 62.0% during the 3rd quarter. CWM LLC now owns 1,660 shares of the company's stock valued at $151,000 after acquiring an additional 635 shares during the period. Institutional investors own 89.96% of the company's stock.
Insider Buying and Selling
In related news, Director Gregory T. Durant bought 1,500 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $90.28 per share, with a total value of $135,420.00. Following the transaction, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages recently commented on JXN. Evercore ISI cut Jackson Financial from an "in-line" rating to an "underperform" rating and raised their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays decreased their price objective on Jackson Financial from $117.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $92.40.
View Our Latest Stock Report on Jackson Financial
Jackson Financial Price Performance
JXN stock traded up $0.07 during trading on Monday, reaching $92.50. The company's stock had a trading volume of 444,816 shares, compared to its average volume of 531,466. The company's fifty day moving average is $93.77 and its 200-day moving average is $90.78. Jackson Financial Inc. has a 1 year low of $48.00 and a 1 year high of $115.22. The company has a market capitalization of $6.83 billion, a P/E ratio of -7.32 and a beta of 1.46. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.
Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business posted $3.80 earnings per share. On average, research analysts expect that Jackson Financial Inc. will post 18.77 earnings per share for the current fiscal year.
Jackson Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Thursday, December 5th. Jackson Financial's dividend payout ratio (DPR) is presently -22.15%.
Jackson Financial Company Profile
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Free Report)
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.
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