Smartleaf Asset Management LLC Has $93,000 Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Smartleaf Asset Management LLC cut its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 46.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,072 shares of the company’s stock after selling 948 shares during the period. Smartleaf Asset Management LLC’s holdings in Jackson Financial were worth $93,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in 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 period. Mutual of America Capital Management LLC boosted its position in 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 buying an additional 159 shares during the period. Janney Montgomery Scott LLC boosted its position in Jackson Financial by 0.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock worth $4,416,000 after buying an additional 168 shares during the period. Caprock Group LLC boosted its position in Jackson Financial by 4.3% during the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock worth $367,000 after buying an additional 173 shares during the period. Finally, IFP Advisors Inc boosted its position in Jackson Financial by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock worth $234,000 after buying an additional 180 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JXN has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, February 28th. Barclays raised their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and raised their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Jackson Financial has a consensus rating of “Hold” and a consensus target price of $97.40.

Jackson Financial Stock Performance

NYSE:JXN opened at $84.73 on Friday. The company has a fifty day moving average of $90.46 and a 200-day moving average of $92.96. The firm has a market capitalization of $6.26 billion, a P/E ratio of 7.40 and a beta of 1.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a twelve month low of $58.02 and a twelve month high of $115.22.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, sell-side analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 3.78%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s payout ratio is currently 27.95%.

Insider Activity

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the firm’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 purchase, the director now owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company 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.