Williamson Legacy Group LLC bought a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,617 shares of the company's stock, valued at approximately $315,000.
Several other large investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new position in shares of Jackson Financial in the fourth quarter worth $26,000. Blue Trust Inc. lifted its holdings in Jackson Financial by 232.1% in 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. R Squared Ltd bought a new position in Jackson Financial in the 4th quarter valued at about $126,000. Harbor Capital Advisors Inc. acquired a new position in Jackson Financial during the 3rd quarter valued at about $141,000. Finally, GAMMA Investing LLC raised its position in shares of Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock worth $155,000 after buying an additional 118 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.
Jackson Financial Price Performance
Shares of NYSE JXN traded up $3.45 during midday trading on Wednesday, reaching $87.83. The company's stock had a trading volume of 857,988 shares, compared to its average volume of 666,785. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 7.67 and a beta of 1.47. Jackson Financial Inc. has a one year low of $54.83 and a one year high of $115.22. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $90.69 and a 200 day moving average price of $93.03.
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 (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.07). The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, equities research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.
Jackson Financial Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.64%. This is an increase 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%.
Insider Activity at Jackson Financial
In other news, Director Gregory T. Durant purchased 1,500 shares of Jackson Financial stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the transaction, the director now 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on JXN shares. Evercore ISI cut shares of Jackson Financial from an "in-line" rating to an "underperform" rating and increased their price objective for the company from $74.00 to $95.00 in a report on Thursday, November 14th. Keefe, Bruyette & Woods increased their price target on Jackson Financial from $103.00 to $105.00 and gave the company a "market perform" rating in a research note on Friday, February 28th. Finally, Barclays lifted their price target on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Jackson Financial currently has a consensus rating of "Hold" and a consensus target price of $97.40.
Read Our Latest Research Report on JXN
About Jackson Financial
(
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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