Harbor Capital Advisors Inc. Sells 223 Shares of Jackson Financial Inc. (NYSE:JXN)

Harbor Capital Advisors Inc. lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,328 shares of the company’s stock after selling 223 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Jackson Financial were worth $116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Jackson Financial by 7.1% in the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after purchasing an additional 118 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Jackson Financial by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock worth $1,032,000 after acquiring an additional 159 shares during the last quarter. Blue Trust Inc. grew its position in Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after acquiring an additional 260 shares in the last quarter. Plato Investment Management Ltd increased its stake in Jackson Financial by 10.9% in the third quarter. Plato Investment Management Ltd now owns 2,845 shares of the company’s stock valued at $259,000 after acquiring an additional 279 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in Jackson Financial by 4.8% during the third quarter. CIBC Asset Management Inc now owns 7,197 shares of the company’s stock valued at $657,000 after purchasing an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the acquisition, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This represents a 4.91 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on JXN shares. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays cut their target price on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $92.40.

Jackson Financial Trading Up 3.8 %

NYSE JXN opened at $92.09 on Thursday. The firm has a market cap of $6.80 billion, a PE ratio of -7.29 and a beta of 1.46. Jackson Financial Inc. has a 1-year low of $47.49 and a 1-year high of $115.22. The stock has a 50-day moving average of $94.88 and a 200-day moving average of $90.31. 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 (NYSE:JXN) last announced its quarterly earnings data 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 business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the firm earned $3.80 EPS. As a group, sell-side analysts forecast that Jackson Financial Inc. will post 18.8 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.70 dividend. The ex-dividend date was Thursday, December 5th. This represents a $2.80 annualized dividend and a dividend yield of 3.04%. Jackson Financial’s payout ratio is presently -22.15%.

About Jackson Financial

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.