World Investment Advisors LLC Buys Shares of 31,201 Jackson Financial Inc. (NYSE:JXN)

World Investment Advisors LLC purchased a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,201 shares of the company's stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Asset Allocation Strategies LLC boosted its position in Jackson Financial by 0.6% in the second quarter. Asset Allocation Strategies LLC now owns 18,926 shares of the company's stock valued at $1,405,000 after buying an additional 119 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Jackson Financial by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company's stock valued at $1,032,000 after acquiring an additional 159 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Jackson Financial by 1.2% in the second quarter. Private Advisor Group LLC now owns 14,962 shares of the company's stock worth $1,111,000 after acquiring an additional 178 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Jackson Financial by 2.0% during the second quarter. International Assets Investment Management LLC now owns 9,954 shares of the company's stock worth $739,000 after purchasing an additional 199 shares during the last quarter. Finally, 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 valued at $34,000 after purchasing an additional 260 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Price Performance

Shares of Jackson Financial stock traded up $1.95 on Friday, reaching $88.28. The company's stock had a trading volume of 1,956,094 shares, compared to its average volume of 738,293. 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 company has a market capitalization of $6.52 billion, a P/E ratio of -6.98 and a beta of 1.42. The stock has a 50-day moving average price of $99.39 and a 200-day moving average price of $88.12. Jackson Financial Inc. has a 52-week low of $47.49 and a 52-week high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly 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 company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm posted $3.80 earnings per share. Analysts expect that Jackson Financial Inc. will post 18.8 EPS for the current year.

Jackson Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.17%. Jackson Financial's payout ratio is currently -22.15%.

Insider Activity

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now owns 32,023 shares of the company's stock, valued at $2,891,036.44. The trade was a 4.91 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JXN. Barclays lifted their price target on Jackson Financial from $109.00 to $111.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Evercore ISI lowered shares of Jackson Financial from an "in-line" rating to an "underperform" rating and lifted their target price for the company from $74.00 to $95.00 in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Jackson Financial presently has a consensus rating of "Hold" and a consensus target price of $84.00.

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.