SBI Securities Co. Ltd. Purchases Shares of 508 Jackson Financial Inc. (NYSE:JXN)

SBI Securities Co. Ltd. purchased a new stake in shares of Jackson Financial Inc. (NYSE:JXN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 508 shares of the company’s stock, valued at approximately $44,000.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC bought a new stake in shares of Jackson Financial during the 4th quarter valued at about $26,000. Blue Trust Inc. grew its stake in shares of Jackson Financial by 108.1% during the 4th quarter. Blue Trust Inc. now owns 774 shares of the company’s stock valued at $71,000 after acquiring an additional 402 shares during the period. R Squared Ltd bought a new position in shares of Jackson Financial during the 4th quarter valued at approximately $126,000. GAMMA Investing LLC grew its stake 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 valued at $155,000 after acquiring an additional 118 shares during the period. Finally, iSAM Funds UK Ltd bought a new position in shares of Jackson Financial during the 3rd quarter valued at approximately $210,000. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on JXN shares. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price objective for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. Barclays boosted their price objective on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, February 28th. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $97.40.

Insider Transactions at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the sale, the chief executive officer now directly owns 85,276 shares of the company’s stock, valued at $7,199,852.68. This represents a 7.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Jackson Financial Stock Up 0.0 %

NYSE JXN opened at $81.21 on Wednesday. The stock’s 50 day moving average is $90.23 and its 200 day moving average is $92.96. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 12 month low of $60.00 and a 12 month high of $115.22. The stock has a market cap of $5.90 billion, a PE ratio of 7.09 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last posted its quarterly 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 company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Research analysts predict that Jackson Financial Inc. will post 20.55 EPS 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. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.94%. 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 is 27.95%.

Jackson Financial 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.