Insider Buying: Jackson Financial Inc. (NYSE:JXN) Insider Purchases 8,000 Shares of Stock

Jackson Financial Inc. (NYSE:JXNGet Rating) insider Paul Chadwick Myers purchased 8,000 shares of the business’s stock in a transaction on Monday, May 16th. The shares were acquired at an average price of $33.15 per share, for a total transaction of $265,200.00. Following the completion of the acquisition, the insider now directly owns 383,491 shares in the company, valued at approximately $12,712,726.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Paul Chadwick Myers also recently made the following trade(s):

  • On Friday, May 13th, Paul Chadwick Myers purchased 5,000 shares of Jackson Financial stock. The shares were acquired at an average price of $31.36 per share, for a total transaction of $156,800.00.

NYSE JXN opened at $34.43 on Wednesday. The firm has a market capitalization of $3.01 billion and a P/E ratio of 1.37. The business has a fifty day simple moving average of $42.04 and a 200 day simple moving average of $39.57. Jackson Financial Inc. has a 12 month low of $24.03 and a 12 month high of $47.76. 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 (NYSE:JXNGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $3.94 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%. As a group, sell-side analysts predict that Jackson Financial Inc. will post 20.18 EPS for the current fiscal year.

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

Hedge funds have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. bought a new position in shares of Jackson Financial during the 3rd quarter worth $49,000. Ovata Capital Management Ltd bought a new position in Jackson Financial in the 1st quarter worth about $57,000. Metropolitan Life Insurance Co NY bought a new position in Jackson Financial in the 3rd quarter worth about $58,000. Paradigm Asset Management Co. LLC bought a new position in Jackson Financial in the 3rd quarter worth about $69,000. Finally, FNY Investment Advisers LLC boosted its stake in Jackson Financial by 41.9% in the 1st quarter. FNY Investment Advisers LLC now owns 1,839 shares of the company’s stock worth $81,000 after purchasing an additional 543 shares during the period. Institutional investors own 81.17% of the company’s stock.

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

Jackson Financial Company Profile (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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