Blue Trust Inc. Has $69,000 Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Blue Trust Inc. increased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 114.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 798 shares of the company’s stock after acquiring an additional 426 shares during the quarter. Blue Trust Inc.’s holdings in Jackson Financial were worth $69,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in Jackson Financial in the fourth quarter valued at about $26,000. World Investment Advisors LLC acquired a new position in Jackson Financial in the third quarter valued at about $31,000. R Squared Ltd acquired a new position in Jackson Financial in the fourth quarter valued at about $126,000. Harbor Capital Advisors Inc. acquired a new position in Jackson Financial in the third quarter valued at about $141,000. Finally, GAMMA Investing LLC lifted 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 buying an additional 118 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Trading Down 4.4 %

NYSE JXN opened at $81.63 on Monday. The firm has a market cap of $6.03 billion, a P/E ratio of 7.13 and a beta of 1.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock’s 50-day moving average is $90.93 and its 200-day moving average is $92.91. Jackson Financial Inc. has a one year low of $48.00 and a one year high of $115.22.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Sell-side analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. The ex-dividend date is Tuesday, March 11th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.92%. Jackson Financial’s dividend payout ratio (DPR) is presently 24.45%.

Analysts Set New Price Targets

Several equities analysts have weighed in on JXN shares. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and increased their target price for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. Barclays raised their price target on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Jackson Financial has a consensus rating of “Hold” and a consensus price target of $92.80.

Insider Buying and Selling

In other news, Director Gregory T. Durant acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

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.