Ethic Inc. Makes New $455,000 Investment in Jackson Financial Inc. (NYSE:JXN)

Ethic Inc. acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,229 shares of the company's stock, valued at approximately $455,000.

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC bought a new position in Jackson Financial during the 4th quarter valued at about $26,000. Quarry LP purchased a new position in Jackson Financial during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial in the 4th quarter valued at $44,000. Blue Trust Inc. increased its stake in Jackson Financial by 114.5% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the company's stock worth $69,000 after purchasing an additional 426 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in Jackson Financial during the 4th quarter valued at about $79,000. Institutional investors own 89.96% of the company's stock.

Insider Transactions at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of the business's 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 transaction, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. This trade represents a 15.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Jackson Financial Stock Down 2.0%

Shares of JXN traded down $1.70 during mid-day trading on Wednesday, hitting $83.34. The company's stock had a trading volume of 109,583 shares, compared to its average volume of 836,791. 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 company's 50-day moving average is $79.89 and its 200-day moving average is $88.55. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 7.28 and a beta of 1.50.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.93 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.23 earnings per share. On average, equities research analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be issued a $0.80 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.84%. Jackson Financial's dividend payout ratio is presently 310.68%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th. Barclays raised their price objective on Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Morgan Stanley lifted their target price on Jackson Financial from $68.00 to $91.00 and gave the company an "equal weight" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $94.80.

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.