7,800 Shares in Jackson Financial Inc. (NYSE:JXN) Purchased by CV Advisors LLC

CV Advisors LLC purchased a new stake in Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 7,800 shares of the company’s stock, valued at approximately $679,000. Jackson Financial accounts for approximately 0.2% of CV Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds also recently bought and sold shares of JXN. Raymond James Financial Inc. acquired a new stake in Jackson Financial in the 4th quarter valued at about $27,193,000. Charles Schwab Investment Management Inc. raised its position in Jackson Financial by 40.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock valued at $95,874,000 after purchasing an additional 300,520 shares in the last quarter. Victory Capital Management Inc. raised its position in Jackson Financial by 196.4% in the 4th quarter. Victory Capital Management Inc. now owns 447,245 shares of the company’s stock valued at $38,946,000 after purchasing an additional 296,367 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Jackson Financial by 6,642.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock valued at $19,716,000 after purchasing an additional 223,060 shares in the last quarter. Finally, Four Tree Island Advisory LLC acquired a new stake in Jackson Financial in the 4th quarter valued at about $19,298,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This trade represents a 7.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JXN shares. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, February 28th. Barclays raised their target price on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jackson Financial presently has a consensus rating of “Hold” and a consensus price target of $97.40.

Jackson Financial Trading Up 4.4 %

NYSE:JXN opened at $82.84 on Friday. The stock’s 50 day moving average price is $89.81 and its 200 day moving average price is $92.81. The company has a market capitalization of $6.02 billion, a PE ratio of 7.24 and a beta of 1.48. 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 Inc. has a 52-week low of $60.99 and a 52-week high of $115.22.

Jackson Financial (NYSE:JXN) 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 anticipate 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. Shareholders of record on Tuesday, March 11th will be paid a $0.80 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is 27.95%.

Jackson Financial Company 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.