Jackson Financial Inc. (NYSE:JXN) Shares Bought by LVZ Inc.

LVZ Inc. lifted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 27.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,962 shares of the company’s stock after buying an additional 842 shares during the period. LVZ Inc.’s holdings in Jackson Financial were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Jackson Financial by 40.0% in the third 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 during the period. Victory Capital Management Inc. increased its stake 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 holdings in Jackson Financial by 6,642.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock worth $19,716,000 after purchasing an additional 223,060 shares during the last quarter. Four Tree Island Advisory LLC purchased a new stake in Jackson Financial during the fourth quarter worth $19,298,000. Finally, Ibex Wealth Advisors purchased a new stake in Jackson Financial during the fourth quarter worth $17,055,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the acquisition, the director now directly owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JXN shares. Keefe, Bruyette & Woods lifted their price target on Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, February 28th. Barclays raised their target price 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. Finally, Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price target for the company from $74.00 to $95.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $97.40.

Jackson Financial Trading Down 4.8 %

Shares of JXN stock opened at $84.29 on Wednesday. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 7.36 and a beta of 1.47. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $90.69 and a 200 day moving average price of $93.03. Jackson Financial Inc. has a twelve month low of $54.83 and a twelve month high of $115.22.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 3.80%. 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.