Jackson Financial Inc. (NYSE:JXN) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 286.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 566,916 shares of the company's stock after purchasing an additional 420,245 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.77% of Jackson Financial worth $49,367,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JXN. First Trust Advisors LP grew its position in Jackson Financial by 13.4% in the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock worth $360,036,000 after acquiring an additional 487,803 shares during the period. Geode Capital Management LLC lifted its stake in shares of Jackson Financial by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company's stock valued at $188,522,000 after purchasing an additional 13,362 shares during the last quarter. Norges Bank purchased a new position in shares of Jackson Financial during the 4th quarter worth $98,767,000. Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 28,337 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in 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. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Down 0.5 %

JXN traded down $0.39 during trading hours on Monday, hitting $81.23. 540,490 shares of the company's stock were exchanged, compared to its average volume of 750,068. The firm has a market cap of $5.90 billion, a P/E ratio of 7.09 and a beta of 1.50. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $79.89 and a 200 day moving average of $89.70.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.94%. Jackson Financial's payout ratio is currently 27.95%.

Insider Buying and Selling

In related news, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction on 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 owns 85,276 shares in the company, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the completion of the transaction, the chief executive officer now directly owns 116,423 shares in the company, valued at $8,093,726.96. This trade represents a 15.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on JXN. 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. Morgan Stanley dropped their target price on shares of Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, Barclays decreased their price target on Jackson Financial from $118.00 to $106.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One 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. Based on data from MarketBeat.com, Jackson Financial has an average rating of "Hold" and an average target price of $91.40.

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.