GAMMA Investing LLC Acquires 174,830 Shares of Jackson Financial Inc. (NYSE:JXN)

GAMMA Investing LLC lifted its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 9,833.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,608 shares of the company's stock after purchasing an additional 174,830 shares during the quarter. GAMMA Investing LLC owned 0.24% of Jackson Financial worth $14,796,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in Jackson Financial by 108.1% during the fourth quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after acquiring an additional 402 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Jackson Financial by 35.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,578 shares of the company's stock valued at $1,269,000 after purchasing an additional 3,834 shares in the last quarter. Choreo LLC acquired a new position in shares of Jackson Financial during the 4th quarter worth approximately $213,000. Vest Financial LLC raised its stake in shares of Jackson Financial by 27.4% during the 4th quarter. Vest Financial LLC now owns 395,365 shares of the company's stock worth $34,428,000 after purchasing an additional 84,999 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Jackson Financial during the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Transactions at Jackson Financial

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 transaction of $1,432,598.64. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JXN shares. Barclays raised their target price 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 note on Monday, May 19th. Finally, Keefe, Bruyette & Woods lifted their price objective 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Jackson Financial presently has a consensus rating of "Hold" and an average target price of $94.80.

Jackson Financial Stock Performance

Shares of NYSE JXN traded up $1.22 during midday trading on Tuesday, hitting $84.25. 611,703 shares of the company's stock were exchanged, compared to its average volume of 760,656. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $6.02 billion, a PE ratio of 7.36 and a beta of 1.47. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $115.22. The company's 50 day moving average price is $79.28 and its 200 day moving average price is $86.28.

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 for the quarter, beating the consensus estimate of $4.93 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. Jackson Financial's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.23 earnings per share. As a group, analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.20 annualized dividend and a yield of 3.80%. Jackson Financial's dividend payout ratio (DPR) is presently 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.