Farther Finance Advisors LLC Acquires 3,252 Shares of Jackson Financial Inc. (NYSE:JXN)

Farther Finance Advisors LLC increased its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 216.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,751 shares of the company's stock after buying an additional 3,252 shares during the period. Farther Finance Advisors LLC's holdings in Jackson Financial were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in shares of Jackson Financial by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock valued at $234,000 after purchasing an additional 180 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings 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 worth $1,572,000 after acquiring an additional 193 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Jackson Financial by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,118 shares of the company's stock valued at $272,000 after buying an additional 199 shares during the last quarter. Colonial River Investments LLC raised its holdings in Jackson Financial by 1.2% during the 4th quarter. Colonial River Investments LLC now owns 18,075 shares of the company's stock worth $1,574,000 after purchasing an additional 220 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in Jackson Financial by 1.7% during the 4th quarter. MML Investors Services LLC now owns 13,530 shares of the company's stock worth $1,178,000 after purchasing an additional 225 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $83.56 on Tuesday. The company's 50-day moving average is $80.28 and its 200 day moving average is $85.66. 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 company has a market capitalization of $5.97 billion, a P/E ratio of 7.30 and a beta of 1.47. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22.

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

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Thursday, June 12th. Jackson Financial's payout ratio is 310.68%.

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 completion of the transaction, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. This represents a 15.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

JXN has been the subject of several research analyst reports. Barclays lifted their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley set a $91.00 price target on shares of Jackson Financial and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, May 13th. One investment 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. According to MarketBeat, Jackson Financial presently has an average rating of "Hold" and an average price target of $94.80.

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.

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