Mutual of America Capital Management LLC Decreases Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Mutual of America Capital Management LLC decreased its stake in Jackson Financial Inc. (NYSE:JXN) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,189 shares of the company’s stock after selling 127 shares during the period. Mutual of America Capital Management LLC’s holdings in Jackson Financial were worth $974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JXN. GAMMA Investing LLC grew its stake in shares of Jackson Financial by 7.1% during the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after acquiring an additional 118 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Jackson Financial by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock worth $4,416,000 after purchasing an additional 168 shares during the period. Caprock Group LLC increased its stake in Jackson Financial by 4.3% during the fourth quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock valued at $367,000 after purchasing an additional 173 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Jackson Financial by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock worth $234,000 after purchasing an additional 180 shares during the period. Finally, Colonial River Investments LLC lifted its position in shares of Jackson Financial by 1.2% in the 4th quarter. Colonial River Investments LLC now owns 18,075 shares of the company’s stock worth $1,574,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insiders Place Their Bets

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price 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 of the company’s stock, valued at $2,891,036.44. This represents a 4.91 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

JXN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research report on Friday, February 28th. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and upped their target price for the company from $74.00 to $95.00 in a report on Thursday, November 14th. Finally, Barclays increased 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, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $97.40.

Jackson Financial Price Performance

Shares of JXN opened at $84.73 on Monday. Jackson Financial Inc. has a one year low of $58.02 and a one year high of $115.22. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 7.40 and a beta of 1.48. The stock’s fifty day moving average is $90.46 and its 200-day moving average is $93.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Equities analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.78%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s payout ratio is presently 27.95%.

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.