Vinva Investment Management Ltd Invests $296,000 in Jackson Financial Inc. (NYSE:JXN)

Vinva Investment Management Ltd bought a new position in shares of Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, Holdings Channel reports. The firm bought 3,395 shares of the company’s stock, valued at approximately $296,000.

Several other large investors also recently made changes to their positions in JXN. Natixis Advisors LLC grew its holdings in shares of Jackson Financial by 10.9% during the third quarter. Natixis Advisors LLC now owns 16,556 shares of the company’s stock worth $1,510,000 after purchasing an additional 1,621 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Jackson Financial by 1.4% in the third 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 during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Jackson Financial by 4.9% in the third quarter. Thrivent Financial for Lutherans now owns 59,086 shares of the company’s stock valued at $5,390,000 after acquiring an additional 2,740 shares during the last quarter. Quest Partners LLC boosted its holdings in Jackson Financial by 61.5% in the third quarter. Quest Partners LLC now owns 5,621 shares of the company’s stock valued at $513,000 after acquiring an additional 2,140 shares during the last quarter. Finally, Caprock Group LLC bought a new position in Jackson Financial in the third quarter valued at about $369,000. Institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JXN. Barclays raised their price target on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods raised their price target on Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.40.

Jackson Financial Trading Up 1.2 %

NYSE:JXN opened at $85.31 on Friday. Jackson Financial Inc. has a 1-year low of $62.81 and a 1-year high of $115.22. The business’s 50-day moving average price is $89.38 and its two-hundred day moving average price is $92.62. 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 market capitalization of $6.20 billion, a price-to-earnings ratio of 7.45 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last released 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, equities analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.75%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

Insider Transactions at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the sale, the chief executive officer now owns 85,276 shares of the company’s stock, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.

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.