SG Americas Securities LLC Purchases Shares of 2,124 Jackson Financial Inc. (NYSE:JXN)

SG Americas Securities LLC acquired a new position in Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,124 shares of the company’s stock, valued at approximately $109,000.

Several other large investors have also recently modified their holdings of JXN. NBC Securities Inc. acquired a new position in shares of Jackson Financial during the third quarter worth $28,000. Federated Hermes Inc. raised its stake in Jackson Financial by 199.8% in the third quarter. Federated Hermes Inc. now owns 1,382 shares of the company’s stock valued at $38,000 after buying an additional 921 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Jackson Financial by 4,347.8% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Jackson Financial by 291.2% in the third quarter. PNC Financial Services Group Inc. now owns 1,025 shares of the company’s stock worth $39,000 after acquiring an additional 763 shares in the last quarter. Finally, Money Concepts Capital Corp purchased a new stake in shares of Jackson Financial during the fourth quarter worth about $42,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Up 1.3 %

NYSE:JXN opened at $65.20 on Friday. 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 company’s fifty day moving average price is $59.91 and its 200-day moving average price is $50.79. Jackson Financial Inc. has a 1-year low of $26.70 and a 1-year high of $68.97. The firm has a market capitalization of $5.05 billion, a P/E ratio of 6.65 and a beta of 1.57.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $3.53 by ($1.00). The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.40 billion. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $5.66 earnings per share. As a group, equities research analysts anticipate that Jackson Financial Inc. will post 15.95 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Tuesday, March 12th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.29%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is 28.54%.

Insider Buying and Selling at Jackson Financial

In other news, Director Derek G. Kirkland acquired 3,500 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $55.67 per share, with a total value of $194,845.00. Following the purchase, the director now directly owns 37,726 shares of the company’s stock, valued at $2,100,206.42. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JXN shares. Evercore ISI lifted their target price on shares of Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Jefferies Financial Group reiterated a “hold” rating and set a $55.00 price objective on shares of Jackson Financial in a research note on Tuesday, January 2nd. The Goldman Sachs Group upped their target price on Jackson Financial from $39.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods lifted their price target on Jackson Financial from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley increased their price objective on Jackson Financial from $52.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.80.

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.