Jackson Financial Inc. (NYSE:JXN) Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its position in shares of Jackson Financial Inc. (NYSE:JXNFree Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,738,688 shares of the company’s stock after purchasing an additional 111,875 shares during the quarter. Goldman Sachs Group Inc. owned 2.19% of Jackson Financial worth $89,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new stake in Jackson Financial in the 4th quarter valued at $36,000. Headlands Technologies LLC acquired a new stake in Jackson Financial in the 4th quarter valued at $38,000. Hexagon Capital Partners LLC grew its stake in Jackson Financial by 113.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,297 shares of the company’s stock valued at $66,000 after acquiring an additional 688 shares during the period. Planned Solutions Inc. acquired a new stake in Jackson Financial in the 4th quarter valued at $77,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in Jackson Financial by 18.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,640 shares of the company’s stock valued at $84,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Activity

In other news, COO Devkumar Dilip Ganguly sold 13,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.67, for a total transaction of $983,710.00. Following the transaction, the chief operating officer now owns 93,405 shares of the company’s stock, valued at approximately $7,067,956.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Don W. Cummings bought 1,445 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were bought at an average price of $72.70 per share, with a total value of $105,051.50. Following the completion of the transaction, the chief financial officer now directly owns 45,711 shares of the company’s stock, valued at approximately $3,323,189.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Devkumar Dilip Ganguly sold 13,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.67, for a total transaction of $983,710.00. Following the completion of the transaction, the chief operating officer now directly owns 93,405 shares in the company, valued at approximately $7,067,956.35. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Stock Up 0.3 %

NYSE JXN opened at $73.40 on Tuesday. The business’s fifty day simple moving average is $71.42 and its 200-day simple moving average is $59.57. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.42. The firm has a market cap of $5.60 billion, a PE ratio of 1.94 and a beta of 1.54. Jackson Financial Inc. has a 52 week low of $28.57 and a 52 week high of $81.52.

Jackson Financial (NYSE:JXNGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $4.23 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.56. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.67 billion. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.15 EPS. As a group, equities analysts anticipate that Jackson Financial Inc. will post 16.98 earnings per share for the current year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, June 6th. This represents a $2.80 annualized dividend and a dividend yield of 3.81%. Jackson Financial’s payout ratio is 7.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target 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. Evercore ISI raised 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. Finally, Keefe, Bruyette & Woods lowered Jackson Financial from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $75.00 to $80.00 in a report on Tuesday, May 14th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, Jackson Financial presently has an average rating of “Hold” and a consensus price target of $62.80.

Get Our Latest Stock Report on JXN

Jackson Financial Company 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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