Jackson Financial Inc. (NYSE:JXN) Shares Acquired by Strs Ohio

Strs Ohio lifted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 38.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,585 shares of the company’s stock after purchasing an additional 2,400 shares during the quarter. Strs Ohio’s holdings in Jackson Financial were worth $404,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of Jackson Financial during the third quarter worth about $28,000. PNC Financial Services Group Inc. raised 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 valued at $39,000 after acquiring an additional 763 shares in the last quarter. Planned Solutions Inc. acquired a new stake in Jackson Financial in the fourth quarter valued at approximately $77,000. SG Americas Securities LLC acquired a new stake in Jackson Financial in the fourth quarter valued at approximately $109,000. Finally, Private Trust Co. NA raised its holdings in Jackson Financial by 60.6% in the third quarter. Private Trust Co. NA now owns 2,864 shares of the company’s stock valued at $109,000 after acquiring an additional 1,081 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Activity at Jackson Financial

In other news, Director Derek G. Kirkland acquired 3,500 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the transaction, the director now directly owns 37,726 shares in the company, valued at approximately $2,100,206.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by insiders.

Jackson Financial Stock Performance

Shares of JXN opened at $69.56 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.41. The firm has a market cap of $5.38 billion, a PE ratio of 7.09 and a beta of 1.57. The company’s 50 day simple moving average is $61.89 and its 200-day simple moving average is $52.30. Jackson Financial Inc. has a 12-month low of $26.70 and a 12-month high of $70.97.

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

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Tuesday, March 12th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.03%. 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%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $55.00 target price on shares of Jackson Financial in a report on Tuesday, January 2nd. Evercore ISI raised their target price on shares of Jackson Financial from $55.00 to $62.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. The Goldman Sachs Group raised their target price on shares of Jackson Financial from $39.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Finally, Morgan Stanley raised their price objective on shares of Jackson Financial from $52.00 to $70.00 and gave the stock 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.80.

About Jackson Financial

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.