Jackson Financial Inc. (NYSE:JXN) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC increased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 114.3% in the fourth quarter, HoldingsChannel reports. The firm owned 2,807 shares of the company’s stock after acquiring an additional 1,497 shares during the quarter. Headlands Technologies LLC’s holdings in Jackson Financial were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in Jackson Financial during the 4th quarter worth approximately $26,000. World Investment Advisors LLC purchased a new position in shares of Jackson Financial during the third quarter worth $31,000. SBI Securities Co. Ltd. acquired a new position in Jackson Financial during the fourth quarter valued at $44,000. Blue Trust Inc. boosted its holdings in Jackson Financial by 114.5% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after purchasing an additional 426 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Jackson Financial during the 4th quarter worth about $126,000. Hedge funds and other institutional investors 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 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 sale, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

Jackson Financial Price Performance

Shares of Jackson Financial stock opened at $70.18 on Friday. The business has a 50 day simple moving average of $87.63 and a two-hundred day simple moving average of $92.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $5.10 billion, a P/E ratio of 6.13 and a beta of 1.48. Jackson Financial Inc. has a 12 month low of $62.81 and a 12 month high of $115.22.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, March 11th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 4.56%. Jackson Financial’s payout ratio is 27.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JXN shares. Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, February 28th. Barclays lifted their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Jackson Financial presently has a consensus rating of “Hold” and an average price target of $97.40.

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.