Belpointe Asset Management LLC Decreases Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Belpointe Asset Management LLC reduced its position in shares of Jackson Financial Inc. (NYSE:JXNFree Report) by 21.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,700 shares of the company’s stock after selling 2,118 shares during the quarter. Belpointe Asset Management LLC’s holdings in Jackson Financial were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in JXN. Daiwa Securities Group Inc. bought a new position in shares of Jackson Financial during the fourth quarter valued at about $36,000. Headlands Technologies LLC purchased a new stake in Jackson Financial in the 4th quarter worth approximately $38,000. NBC Securities Inc. purchased a new stake in Jackson Financial in the 3rd quarter worth approximately $28,000. Hexagon Capital Partners LLC increased its stake in shares of Jackson Financial by 113.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,297 shares of the company’s stock valued at $66,000 after buying an additional 688 shares during the period. Finally, Planned Solutions Inc. purchased a new position in shares of Jackson Financial during the fourth quarter valued at approximately $77,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Activity at Jackson Financial

In other news, COO Devkumar Dilip Ganguly sold 13,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $75.67, for a total value of $983,710.00. Following the sale, the chief operating officer now directly owns 93,405 shares of the company’s stock, valued at $7,067,956.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

Jackson Financial Stock Performance

Shares of JXN stock opened at $72.49 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average price is $71.14 and its 200-day moving average price is $59.01. The stock has a market cap of $5.53 billion, a PE ratio of 1.91 and a beta of 1.54. Jackson Financial Inc. has a 12 month low of $28.57 and a 12 month high of $81.52.

Jackson Financial (NYSE:JXNGet Free Report) last posted its quarterly earnings data 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 period in the previous year, the firm earned $3.15 EPS. The company’s revenue was up 5.8% on a year-over-year basis. On average, equities analysts expect that Jackson Financial Inc. will post 16.98 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.70 dividend. The ex-dividend date is Thursday, June 6th. This represents a $2.80 annualized dividend and a dividend yield of 3.86%. Jackson Financial’s payout ratio is currently 7.40%.

Wall Street Analyst Weigh In

JXN has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut shares of Jackson Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $75.00 to $80.00 in a report on Tuesday, May 14th. Morgan Stanley lifted their target price on shares of Jackson Financial from $52.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Evercore ISI increased their price target 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. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.80.

Read Our Latest Stock Analysis on JXN

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

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

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