AlphaMark Advisors LLC Sells 552 Shares of Jackson Financial Inc. (NYSE:JXN)

AlphaMark Advisors LLC decreased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 12.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,889 shares of the company’s stock after selling 552 shares during the period. AlphaMark Advisors LLC’s holdings in Jackson Financial were worth $355,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JXN. Hantz Financial Services Inc. acquired a new stake in shares of Jackson Financial during the second quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its holdings in Jackson Financial by 400.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock worth $27,000 after acquiring an additional 316 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Jackson Financial by 47.0% during the first quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock valued at $32,000 after acquiring an additional 154 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of Jackson Financial during the first quarter worth $66,000. Finally, CWM LLC grew its stake in shares of Jackson Financial by 80.5% in the second quarter. CWM LLC now owns 1,025 shares of the company’s stock worth $76,000 after purchasing an additional 457 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Carrie Chelko sold 5,500 shares of Jackson Financial stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total transaction of $502,205.00. Following the completion of the transaction, the executive vice president now directly owns 61,829 shares in the company, valued at $5,645,605.99. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Trading Up 0.5 %

NYSE:JXN opened at $100.47 on Friday. Jackson Financial Inc. has a 12 month low of $36.06 and a 12 month high of $101.73. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 2.65 and a beta of 1.50. The firm has a fifty day simple moving average of $88.96 and a two-hundred day simple moving average of $79.26.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, August 7th. The company reported $5.32 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $1.00. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $3.34 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Jackson Financial Inc. will post 18.59 EPS for the current fiscal year.

Jackson Financial announced that its Board of Directors has initiated a share buyback plan on Wednesday, August 7th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the company to reacquire up to 10.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.80 dividend on an annualized basis and a yield of 2.79%. Jackson Financial’s dividend payout ratio (DPR) is presently 7.40%.

Analysts Set New Price Targets

JXN has been the subject of a number of analyst reports. Evercore ISI lowered their price objective on Jackson Financial from $75.00 to $73.00 and set an “in-line” rating for the company in a research report on Wednesday, June 26th. Barclays upped their price objective on shares of Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their target price on shares of Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upped their price target on shares of Jackson Financial from $80.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. Finally, Morgan Stanley increased their price target on Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $80.33.

About Jackson Financial

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.