27,728 Shares in Jackson Financial Inc. (NYSE:JXN) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 27,728 shares of the company's stock, valued at approximately $2,415,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in Jackson Financial by 13.4% in the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock valued at $360,036,000 after buying an additional 487,803 shares during the period. Geode Capital Management LLC increased its position in Jackson Financial by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company's stock worth $188,522,000 after purchasing an additional 13,362 shares during the period. Norges Bank acquired a new position in Jackson Financial during the 4th quarter worth approximately $98,767,000. Charles Schwab Investment Management Inc. raised its stake in shares of Jackson Financial by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock worth $93,980,000 after buying an additional 28,337 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Jackson Financial by 4.2% in the 4th quarter. Federated Hermes Inc. now owns 1,010,490 shares of the company's stock valued at $87,993,000 after buying an additional 40,828 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

JXN has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Barclays cut their price target on shares of Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $91.40.

Jackson Financial Price Performance

Jackson Financial stock traded down $0.17 during trading hours on Monday, hitting $81.45. The stock had a trading volume of 112,392 shares, compared to its average volume of 864,406. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 7.12 and a beta of 1.50. 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 1-year low of $64.70 and a 1-year high of $115.22. The stock's fifty day moving average is $79.89 and its two-hundred day moving average is $89.70.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its earnings results 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio is 27.95%.

Insiders Place Their Bets

In related news, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the sale, the chief executive officer now owns 116,423 shares of the company's stock, valued at $8,093,726.96. This trade represents a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the transaction, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at $7,199,852.68. The trade was a 7.59 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

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.