Vanguard Personalized Indexing Management LLC Makes New $316,000 Investment in Jackson Financial Inc. (NYSE:JXN)

Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Jackson Financial Inc. (NYSE:JXNFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,175 shares of the company’s stock, valued at approximately $316,000.

A number of other large investors have also modified their holdings of JXN. Advisors Preferred LLC bought a new stake in Jackson Financial in the 4th quarter valued at $1,680,000. Teachers Retirement System of The State of Kentucky bought a new stake in Jackson Financial in the third quarter valued at about $871,000. Federated Hermes Inc. increased its stake in Jackson Financial by 58.8% in the fourth quarter. Federated Hermes Inc. now owns 521,266 shares of the company’s stock valued at $26,689,000 after acquiring an additional 192,995 shares during the period. Vanguard Group Inc. raised its position in Jackson Financial by 16.1% in the third quarter. Vanguard Group Inc. now owns 10,933,228 shares of the company’s stock worth $417,868,000 after purchasing an additional 1,518,547 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Jackson Financial by 148.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 97,616 shares of the company’s stock worth $4,982,000 after purchasing an additional 58,350 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Up 0.5 %

Shares of JXN opened at $78.00 on Monday. The business’s 50 day simple moving average is $69.23 and its 200-day simple moving average is $57.27. Jackson Financial Inc. has a one year low of $27.24 and a one year high of $81.52. The company has a market capitalization of $5.95 billion, a P/E ratio of 2.06 and a beta of 1.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32.

Jackson Financial (NYSE:JXNGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.67 by $0.56. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company posted $3.15 EPS. Jackson Financial’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts predict that Jackson Financial Inc. will post 16.98 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.59%. The ex-dividend date is Thursday, June 6th. Jackson Financial’s payout ratio is presently 7.40%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JXN. Morgan Stanley increased their target price on Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods lowered Jackson Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $75.00 to $80.00 in a research note on Tuesday, May 14th. Finally, Evercore ISI lifted their price objective on Jackson Financial from $55.00 to $62.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and an average target price of $62.80.

Get Our Latest Report on JXN

Insiders Place Their Bets

In related news, Director Derek G. Kirkland purchased 3,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,100,206.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $75.67, for a total transaction of $983,710.00. Following the completion of the sale, the chief operating officer now directly owns 93,405 shares of the company’s stock, valued at approximately $7,067,956.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Derek G. Kirkland bought 3,500 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $55.67 per share, for a total transaction of $194,845.00. Following the completion of the transaction, the director now owns 37,726 shares in the company, valued at approximately $2,100,206.42. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Jackson Financial Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

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