Quadrature Capital Ltd Makes New $209,000 Investment in Jackson Financial Inc. (NYSE:JXN)

Quadrature Capital Ltd acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,095 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position 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 period. Dimensional Fund Advisors LP boosted its stake in shares of Jackson Financial by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,175,970 shares of the company’s stock valued at $213,813,000 after buying an additional 399,665 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of Jackson Financial by 36.5% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,979,189 shares of the company’s stock valued at $101,334,000 after buying an additional 528,976 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Jackson Financial by 6.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,738,688 shares of the company’s stock valued at $89,021,000 after buying an additional 111,875 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Jackson Financial by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,107,993 shares of the company’s stock valued at $56,729,000 after buying an additional 122,302 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jackson Financial

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI reduced their price objective on Jackson Financial from $75.00 to $73.00 and set an “in-line” rating for the company in a report on Wednesday. Keefe, Bruyette & Woods cut Jackson Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $75.00 to $80.00 in a report on Tuesday, May 14th. Finally, Morgan Stanley lifted their price objective on Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.00.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $73.24 on Friday. Jackson Financial Inc. has a 1-year low of $29.28 and a 1-year high of $81.52. The business has a 50-day moving average of $73.25 and a 200-day moving average of $61.63. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 1.93 and a beta of 1.54.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.56. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the company posted $3.15 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that Jackson Financial Inc. will post 16.98 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Thursday, June 6th. Jackson Financial’s payout ratio is currently 7.40%.

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.