Geode Capital Management LLC Buys 144,530 Shares of Jackson Financial Inc. (NYSE:JXN)

Geode Capital Management LLC raised its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,086,155 shares of the company’s stock after buying an additional 144,530 shares during the period. Geode Capital Management LLC’s holdings in Jackson Financial were worth $194,187,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JXN. International Assets Investment Management LLC grew its stake in Jackson Financial by 9,363.9% in the 3rd quarter. International Assets Investment Management LLC now owns 942,039 shares of the company’s stock worth $85,942,000 after acquiring an additional 932,085 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Jackson Financial by 146.3% in the second quarter. Acadian Asset Management LLC now owns 1,219,218 shares of the company’s stock worth $90,525,000 after purchasing an additional 724,148 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Jackson Financial during the third quarter valued at approximately $40,795,000. LSV Asset Management boosted its position in shares of Jackson Financial by 2,459.7% in the 2nd quarter. LSV Asset Management now owns 439,339 shares of the company’s stock worth $32,625,000 after purchasing an additional 422,175 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Jackson Financial by 40.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock worth $95,874,000 after acquiring an additional 300,520 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on JXN. Barclays lifted their price objective on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Morgan Stanley increased their price objective on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Finally, Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.00.

Insider Buying and Selling at Jackson Financial

In other news, EVP Carrie Chelko sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total value of $502,205.00. Following the completion of the sale, the executive vice president now directly owns 61,829 shares in the company, valued at $5,645,605.99. The trade was a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory T. Durant bought 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the transaction, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.30% of the stock is owned by corporate insiders.

Jackson Financial Stock Performance

NYSE JXN opened at $91.55 on Monday. Jackson Financial Inc. has a fifty-two week low of $47.49 and a fifty-two week high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $6.76 billion, a P/E ratio of -7.24 and a beta of 1.42. The stock has a 50-day simple moving average of $100.13 and a two-hundred day simple moving average of $87.93.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm earned $3.80 earnings per share. On average, equities analysts forecast that Jackson Financial Inc. will post 18.8 earnings per share for the current year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.80 annualized dividend and a yield of 3.06%. Jackson Financial’s dividend payout ratio is presently -22.15%.

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.