Independent Advisor Alliance Has $1.02 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

Independent Advisor Alliance boosted its position in Jackson Financial Inc. (NYSE:JXN) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,739 shares of the company’s stock after buying an additional 309 shares during the quarter. Independent Advisor Alliance’s holdings in Jackson Financial were worth $1,022,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JXN. State Street Corp increased its stake in shares of Jackson Financial by 4.9% in the third quarter. State Street Corp now owns 3,266,981 shares of the company’s stock worth $298,047,000 after purchasing an additional 153,326 shares during the period. Geode Capital Management LLC raised its stake in Jackson Financial by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock valued at $194,187,000 after purchasing an additional 144,530 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Jackson Financial by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company’s stock valued at $93,980,000 after purchasing an additional 28,337 shares during the period. Victory Capital Management Inc. grew 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 worth $38,946,000 after purchasing an additional 296,367 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Jackson Financial by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 417,984 shares of the company’s stock worth $36,398,000 after purchasing an additional 10,880 shares during the period. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Up 4.4 %

Shares of JXN opened at $82.84 on Friday. The stock has a 50 day simple moving average of $89.81 and a 200-day simple moving average of $92.81. 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 stock has a market cap of $6.02 billion, a PE ratio of 7.24 and a beta of 1.48. Jackson Financial Inc. has a 1 year low of $60.99 and a 1 year high of $115.22.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.07). The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, sell-side analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.86%. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

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 completion of the transaction, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. The trade was 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JXN shares. Barclays increased their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. 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. One 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $97.40.

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.