Quantbot Technologies LP Buys Shares of 38,249 Jackson Financial Inc. (NYSE:JXN)

Quantbot Technologies LP purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 38,249 shares of the company’s stock, valued at approximately $2,530,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. acquired a new stake in shares of Jackson Financial during the fourth quarter worth about $2,270,000. FORA Capital LLC increased its position in shares of Jackson Financial by 399.7% during the first quarter. FORA Capital LLC now owns 27,894 shares of the company’s stock worth $1,845,000 after acquiring an additional 22,312 shares during the period. Advisors Preferred LLC acquired a new stake in shares of Jackson Financial in the fourth quarter valued at $1,680,000. Teachers Retirement System of The State of Kentucky acquired a new position in Jackson Financial during the 3rd quarter worth $871,000. Finally, Goldman Sachs Group Inc. increased its holdings in Jackson Financial by 6.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,738,688 shares of the company’s stock worth $89,021,000 after purchasing an additional 111,875 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling at Jackson Financial

In other news, CFO Don W. Cummings bought 1,445 shares of Jackson Financial stock in a transaction dated Wednesday, June 5th. The stock was bought at an average price of $72.70 per share, for a total transaction of $105,051.50. Following the purchase, the chief financial officer now owns 45,711 shares of the company’s stock, valued at $3,323,189.70. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $75.67, for a total transaction of $983,710.00. Following the sale, the chief operating officer now directly owns 93,405 shares in the company, valued at approximately $7,067,956.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Don W. Cummings purchased 1,445 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was bought at an average price of $72.70 per share, with a total value of $105,051.50. Following the acquisition, the chief financial officer now directly owns 45,711 shares in the company, valued at $3,323,189.70. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

Jackson Financial Stock Performance

Shares of Jackson Financial stock traded up $0.18 on Friday, hitting $77.87. The stock had a trading volume of 518,211 shares, compared to its average volume of 749,377. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a 52-week low of $31.40 and a 52-week high of $81.52. The company’s 50 day moving average price is $74.63 and its 200 day moving average price is $63.49. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 2.06 and a beta of 1.51.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, beating the consensus estimate of $3.67 by $0.56. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company earned $3.15 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts anticipate that Jackson Financial Inc. will post 17.33 EPS for the current year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $2.80 dividend on an annualized basis and a yield of 3.60%. Jackson Financial’s payout ratio is 7.40%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on Jackson Financial from $62.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, June 28th. Keefe, Bruyette & Woods downgraded shares of Jackson Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $75.00 to $80.00 in a research report on Tuesday, May 14th. Morgan Stanley boosted their target price on shares of Jackson Financial from $82.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Evercore ISI cut their price target on Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a research note on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.80.

Jackson Financial 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.