Atria Investments Inc Purchases 1,433 Shares of Jackson Financial Inc. (NYSE:JXN)

Atria Investments Inc increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 35.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,446 shares of the company’s stock after buying an additional 1,433 shares during the period. Atria Investments Inc’s holdings in Jackson Financial were worth $497,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new position in Jackson Financial in the second quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in Jackson Financial by 400.0% during the first quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock worth $27,000 after purchasing an additional 316 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after acquiring an additional 260 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Jackson Financial by 60.8% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the company’s stock valued at $58,000 after purchasing an additional 293 shares during the last quarter. Finally, CWM LLC raised its position in Jackson Financial by 80.5% in the second quarter. CWM LLC now owns 1,025 shares of the company’s stock worth $76,000 after acquiring an additional 457 shares during the period. 89.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on JXN shares. Barclays upped their price target on Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Morgan Stanley raised their price target on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Jefferies Financial Group upped their target price on shares of Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price target for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods lifted their price objective on Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Jackson Financial Stock Down 0.9 %

Shares of NYSE JXN opened at $98.54 on Thursday. The firm has a fifty day simple moving average of $96.95 and a two-hundred day simple moving average of $85.21. The firm has a market capitalization of $7.28 billion, a PE ratio of -7.91 and a beta of 1.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a 12 month low of $45.57 and a 12 month high of $115.22.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.07). The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm posted $3.80 earnings per share. Equities analysts expect that Jackson Financial Inc. will post 18.8 earnings per share for the current year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, December 5th. Jackson Financial’s dividend payout ratio (DPR) is presently -22.15%.

Jackson Financial announced that its Board of Directors has approved a stock buyback program on Wednesday, August 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the company to reacquire up to 10.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, EVP Carrie Chelko sold 5,500 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the sale, the executive vice president now directly owns 61,829 shares of the company’s stock, valued at $5,645,605.99. This trade represents a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial 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.