Jackson Financial Inc. (NYSE:JXN) Holdings Lowered by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its position in Jackson Financial Inc. (NYSE:JXN) by 85.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,721 shares of the company’s stock after selling 74,195 shares during the quarter. WINTON GROUP Ltd’s holdings in Jackson Financial were worth $1,108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of JXN. Empowered Funds LLC acquired a new position in shares of Jackson Financial in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in Jackson Financial in the fourth quarter valued at approximately $44,000. Blue Trust Inc. boosted its holdings in Jackson Financial by 108.1% in the fourth quarter. Blue Trust Inc. now owns 774 shares of the company’s stock worth $71,000 after purchasing an additional 402 shares in the last quarter. R Squared Ltd bought a new stake in shares of Jackson Financial during the 4th quarter worth about $126,000. Finally, GAMMA Investing LLC grew its holdings in Jackson Financial by 7.1% during the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after purchasing an additional 118 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented 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 report on Friday, February 28th. Barclays increased their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Jackson Financial has a consensus rating of “Hold” and a consensus price target of $97.40.

Jackson Financial Trading Down 3.0 %

JXN stock opened at $83.15 on Friday. The business has a fifty day moving average price of $89.03 and a 200 day moving average price of $92.74. 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 Inc. has a fifty-two week low of $62.81 and a fifty-two week high of $115.22. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 7.26 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last announced its earnings results 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Analysts expect 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 was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.80 per share. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.85%. The ex-dividend date was Tuesday, March 11th. Jackson Financial’s payout ratio is currently 27.95%.

Insider Activity at Jackson Financial

In other Jackson Financial 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 transaction, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

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.