Insider Buying: Jackson Financial Inc. (NYSE:JXN) CEO Buys 4,900 Shares of Stock

Jackson Financial Inc. (NYSE:JXNGet Rating) CEO Laura Louene Prieskorn bought 4,900 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were acquired at an average cost of $30.71 per share, with a total value of $150,479.00. Following the acquisition, the chief executive officer now directly owns 261,514 shares of the company’s stock, valued at $8,031,094.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of JXN opened at $34.43 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.26. Jackson Financial Inc. has a 12-month low of $24.03 and a 12-month high of $47.76. The firm has a 50-day moving average price of $42.04 and a 200 day moving average price of $39.57. The firm has a market capitalization of $3.01 billion and a P/E ratio of 1.37.

Jackson Financial (NYSE:JXNGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $3.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.85 by ($0.91). Jackson Financial had a net margin of 29.79% and a return on equity of 20.22%. Equities research analysts predict that Jackson Financial Inc. will post 20.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend is Wednesday, June 1st. Jackson Financial’s dividend payout ratio (DPR) is presently 8.74%.

A number of equities research analysts have recently issued reports on JXN shares. Morgan Stanley upped their target price on shares of Jackson Financial from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday, March 3rd. Zacks Investment Research lowered shares of Jackson Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd. Jefferies Financial Group dropped their target price on shares of Jackson Financial from $55.00 to $45.00 in a report on Monday. Finally, The Goldman Sachs Group upped their target price on shares of Jackson Financial from $41.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Jackson Financial has an average rating of “Hold” and a consensus target price of $41.50.

A number of hedge funds have recently made changes to their positions in JXN. Raymond James & Associates purchased a new position in Jackson Financial during the third quarter worth about $332,000. Deutsche Bank AG purchased a new position in Jackson Financial during the third quarter worth about $1,382,000. Advisor Group Holdings Inc. purchased a new position in Jackson Financial during the third quarter worth about $396,000. Swiss National Bank purchased a new position in Jackson Financial during the third quarter worth about $844,000. Finally, Principal Financial Group Inc. purchased a new position in Jackson Financial during the third quarter worth about $3,617,000. 81.17% of the stock is owned by institutional investors.

About Jackson Financial (Get Rating)

Jackson Financial Inc, through its subsidiaries, primarily provides a 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 immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions.

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