Private Advisor Group LLC lowered its holdings in shares of Jackson Financial Inc. (NYSE:JXN – Free Report) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,717 shares of the company’s stock after selling 2,820 shares during the quarter. Private Advisor Group LLC’s holdings in Jackson Financial were worth $1,194,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in JXN. Empowered Funds LLC bought a new stake in Jackson Financial in the fourth quarter worth $26,000. World Investment Advisors LLC bought a new stake in shares of Jackson Financial in the 3rd quarter worth about $31,000. Blue Trust Inc. boosted its stake in shares of Jackson Financial by 232.1% during 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 bought a new position in Jackson Financial during the 4th quarter valued at about $126,000. Finally, Harbor Capital Advisors Inc. bought a new position in Jackson Financial during the 3rd quarter valued at about $141,000. 89.96% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Barclays upped their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and upped their target price for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $92.80.
View Our Latest Analysis on Jackson Financial
Jackson Financial Price Performance
Shares of JXN opened at $88.64 on Friday. The company has a market cap of $6.55 billion, a P/E ratio of 7.74 and a beta of 1.47. The firm’s 50 day moving average price is $90.69 and its 200 day moving average price is $92.90. Jackson Financial Inc. has a fifty-two week low of $52.56 and a fifty-two week high of $115.22. 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 released 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 company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.
Jackson Financial Increases Dividend
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Tuesday, March 11th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio (DPR) is 27.95%.
Insider Transactions at Jackson Financial
In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the business’s stock in a transaction on 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 completion of the acquisition, the director now directly owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. The trade was a 4.91 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.
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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