Geneos Wealth Management Inc. Sells 935 Shares of Jackson Financial Inc. (NYSE:JXN)

Geneos Wealth Management Inc. reduced its holdings in Jackson Financial Inc. (NYSE:JXN) by 29.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,216 shares of the company’s stock after selling 935 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Jackson Financial were worth $113,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JXN. Hsbc Holdings PLC increased its position in shares of Jackson Financial by 45,699.9% during the 3rd quarter. Hsbc Holdings PLC now owns 3,241,261 shares of the company’s stock valued at $124,043,000 after purchasing an additional 3,234,184 shares during the last quarter. EJF Capital LLC increased its position in shares of Jackson Financial by 2,218.3% during the 1st quarter. EJF Capital LLC now owns 1,759,620 shares of the company’s stock valued at $77,828,000 after purchasing an additional 1,683,720 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Jackson Financial by 16.1% during the 3rd quarter. Vanguard Group Inc. now owns 10,933,228 shares of the company’s stock valued at $417,868,000 after purchasing an additional 1,518,547 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Jackson Financial by 38.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,939,256 shares of the company’s stock valued at $105,375,000 after purchasing an additional 1,088,980 shares during the last quarter. Finally, State Street Corp increased its position in shares of Jackson Financial by 88.6% during the 2nd quarter. State Street Corp now owns 2,238,285 shares of the company’s stock valued at $59,874,000 after purchasing an additional 1,051,563 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on JXN. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Evercore ISI increased their price objective on Jackson Financial from $55.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Morgan Stanley increased their target price on Jackson Financial from $52.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday. The Goldman Sachs Group increased their target price on Jackson Financial from $39.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Finally, Jefferies Financial Group restated a “hold” rating and set a $55.00 target price on shares of Jackson Financial in a report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Jackson Financial has an average rating of “Hold” and a consensus price target of $61.80.

Jackson Financial Trading Up 1.2 %

Shares of JXN stock opened at $64.16 on Tuesday. Jackson Financial Inc. has a 1-year low of $26.70 and a 1-year high of $68.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50-day moving average of $59.11 and a 200 day moving average of $50.43. The stock has a market capitalization of $4.97 billion, a PE ratio of 6.54 and a beta of 1.57.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, February 21st. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($1.00). The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the business posted $5.66 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Jackson Financial Inc. will post 15.89 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 12th were issued a $0.70 dividend. The ex-dividend date was Monday, March 11th. This represents a $2.80 annualized dividend and a yield of 4.36%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.62. Jackson Financial’s dividend payout ratio (DPR) is 28.54%.

Insiders Place Their Bets

In other Jackson Financial news, Director Derek G. Kirkland acquired 3,500 shares of the company’s stock in a transaction on Monday, March 4th. The stock was acquired at an average price of $55.67 per share, for a total transaction of $194,845.00. Following the acquisition, the director now owns 37,726 shares in the company, valued at approximately $2,100,206.42. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

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.