Aquatic Capital Management LLC Invests $2.12 Million in Jackson Financial Inc. (NYSE:JXN)

Aquatic Capital Management LLC acquired a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,388 shares of the company's stock, valued at approximately $2,124,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 118 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Jackson Financial by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after purchasing an additional 168 shares during the period. Caprock Group LLC lifted its stake in shares of 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 last quarter. IFP Advisors Inc increased its stake 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, Axxcess Wealth Management LLC boosted its position in shares of Jackson Financial by 1.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 18,048 shares of the company's stock valued at $1,572,000 after acquiring an additional 193 shares during the period. Institutional investors own 89.96% of the company's stock.

Insiders Place Their Bets

In other Jackson Financial 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 value of $1,432,598.64. Following the sale, the chief executive officer now owns 116,423 shares in the company, 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the sale, the chief executive officer now owns 85,276 shares of the company's stock, valued at $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JXN. Barclays cut their target price on Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Morgan Stanley cut their target price on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods lowered their target price 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Jackson Financial presently has a consensus rating of "Hold" and an average target price of $91.40.

Jackson Financial Price Performance

Jackson Financial stock traded up $3.82 during midday trading on Friday, reaching $81.66. 490,717 shares of the stock were exchanged, compared to its average volume of 748,580. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The company's fifty day moving average is $79.96 and its 200-day moving average is $89.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $5.93 billion, a PE ratio of 7.13 and a beta of 1.49.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. On average, sell-side analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.92%. 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%.

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.