AlphaQuest LLC Has $276,000 Stake in Jackson Financial Inc. (NYSE:JXN)

AlphaQuest LLC lowered its holdings in Jackson Financial Inc. (NYSE:JXN) by 43.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,165 shares of the company’s stock after selling 2,456 shares during the period. AlphaQuest LLC’s holdings in Jackson Financial were worth $276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC increased its stake in Jackson Financial by 7.1% in the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after buying an additional 118 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of Jackson Financial by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock valued at $1,032,000 after acquiring an additional 159 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Jackson Financial by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock worth $4,416,000 after acquiring an additional 168 shares during the last quarter. Caprock Group LLC raised its holdings in shares of Jackson Financial by 4.3% during the fourth quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock worth $367,000 after acquiring an additional 173 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Jackson Financial by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock valued at $234,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Activity at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the sale, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. This represents a 7.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised 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 price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Jackson Financial has a consensus rating of “Hold” and an average target price of $97.40.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $82.84 on Friday. The stock has a market capitalization of $6.02 billion, a P/E ratio of 7.24 and a beta of 1.48. The business has a 50-day moving average of $89.81 and a two-hundred day moving average of $92.81. Jackson Financial Inc. has a fifty-two week low of $60.99 and a fifty-two week high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30.

Jackson Financial (NYSE:JXN) last posted 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 company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, equities research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently disclosed 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 dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s dividend payout ratio is currently 27.95%.

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.