Jackson Financial Inc. (NYSE:JXN) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 216.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,751 shares of the company's stock after purchasing an additional 3,252 shares during the quarter. Farther Finance Advisors LLC's holdings in Jackson Financial were worth $401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Jackson Financial during the 4th quarter worth about $98,767,000. First Trust Advisors LP boosted its holdings in shares of 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Jackson Financial by 286.5% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 566,916 shares of the company's stock valued at $49,367,000 after buying an additional 420,245 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Jackson Financial in the 4th quarter valued at $27,193,000. Finally, Victory Capital Management Inc. raised its stake in Jackson Financial by 196.4% during the 4th quarter. Victory Capital Management Inc. now owns 447,245 shares of the company's stock worth $38,946,000 after acquiring an additional 296,367 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Morgan Stanley set a $91.00 price objective on Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. Barclays raised their price target on Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $94.80.

Insider Activity at Jackson Financial

In related news, CEO Craig Donald Smith sold 20,607 shares of the company's 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 transaction, the chief executive officer now owns 116,423 shares of the company's stock, valued at $8,093,726.96. This represents a 15.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by insiders.

Jackson Financial Stock Performance

Shares of JXN stock traded down $1.37 during midday trading on Friday, hitting $84.49. The company had a trading volume of 410,234 shares, compared to its average volume of 759,842. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 82.03 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.29. The company's 50 day simple moving average is $80.85 and its 200 day simple moving average is $85.55. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-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 the consensus estimate of $4.93 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned $4.23 earnings per share. Research analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, June 12th. This represents a $3.20 annualized dividend and a yield of 3.79%. Jackson Financial's dividend payout ratio is currently 310.68%.

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.