Atria Wealth Solutions Inc. Has $1.87 Million Holdings in Jackson Financial Inc. (NYSE:JXN)

Atria Wealth Solutions Inc. lifted its position in shares of Jackson Financial Inc. (NYSE:JXN) by 20.2% during the 4th quarter, HoldingsChannel reports. The fund owned 36,561 shares of the company’s stock after purchasing an additional 6,152 shares during the period. Atria Wealth Solutions Inc.’s holdings in Jackson Financial were worth $1,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in shares of Jackson Financial during the fourth quarter valued at about $1,680,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Jackson Financial during the 3rd quarter worth approximately $871,000. Federated Hermes Inc. boosted its position in Jackson Financial by 58.8% during the 4th quarter. Federated Hermes Inc. now owns 521,266 shares of the company’s stock worth $26,689,000 after buying an additional 192,995 shares during the period. Vanguard Group Inc. grew its holdings in Jackson Financial by 16.1% during the 3rd quarter. Vanguard Group Inc. now owns 10,933,228 shares of the company’s stock worth $417,868,000 after acquiring an additional 1,518,547 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Jackson Financial by 19.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 78,919 shares of the company’s stock valued at $3,016,000 after acquiring an additional 13,121 shares during the period. Institutional investors own 89.96% of the company’s stock.

Insider Activity

In related news, Director Derek G. Kirkland bought 3,500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $55.67 per share, with a total value of $194,845.00. Following the completion of the purchase, the director now directly owns 37,726 shares in the company, valued at $2,100,206.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Jackson Financial Stock Performance

Shares of JXN opened at $69.85 on Tuesday. The firm’s fifty day simple moving average is $62.26 and its two-hundred day simple moving average is $52.51. Jackson Financial Inc. has a 12 month low of $26.70 and a 12 month high of $70.97. 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 stock has a market capitalization of $5.41 billion, a P/E ratio of 7.12 and a beta of 1.57.

Jackson Financial (NYSE:JXN) last announced its 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 company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm posted $5.66 EPS. Jackson Financial’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, analysts predict that Jackson Financial Inc. will post 15.95 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 12th were given a dividend of $0.70 per share. This is an increase from Jackson Financial’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 4.01%. Jackson Financial’s dividend payout ratio (DPR) is 28.54%.

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.