301 Shares in Jackson Financial Inc. (NYSE:JXN) Bought by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 301 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JXN. World Investment Advisors LLC purchased a new position in shares of Jackson Financial in the 3rd quarter valued at about $31,000. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 260 shares in the last quarter. R Squared Ltd purchased a new position in Jackson Financial in the fourth quarter valued at approximately $126,000. Harbor Capital Advisors Inc. acquired a new stake in Jackson Financial during the third quarter worth approximately $141,000. Finally, GAMMA Investing LLC lifted its position in shares of Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock worth $155,000 after buying an additional 118 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jackson Financial

In other news, Director Gregory T. Durant acquired 1,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the transaction, 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

Jackson Financial Stock Down 4.4 %

JXN stock opened at $81.63 on Friday. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 7.13 and a beta of 1.47. The company has a fifty day moving average price of $90.93 and a 200 day moving average price of $92.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a 12 month low of $48.00 and a 12 month high of $115.22.

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

Jackson Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Evercore ISI downgraded shares of 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 report on Thursday, November 14th. Barclays raised their price objective on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Jackson Financial has a consensus rating of “Hold” and an average target price of $92.80.

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.