Squarepoint Ops LLC Increases Position in Jackson Financial Inc. (NYSE:JXN)

Squarepoint Ops LLC boosted its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 184.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,162 shares of the company's stock after acquiring an additional 66,878 shares during the quarter. Squarepoint Ops LLC owned 0.14% of Jackson Financial worth $8,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of JXN. First Trust Advisors LP raised its stake in shares of Jackson Financial by 13.4% during the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock valued at $360,036,000 after acquiring an additional 487,803 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Jackson Financial by 0.6% during the fourth 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 in the last quarter. Norges Bank bought a new stake in shares of Jackson Financial during the fourth quarter valued at approximately $98,767,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Jackson Financial by 0.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock valued at $94,305,000 after purchasing an additional 4,987 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Jackson Financial by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock worth $93,980,000 after acquiring an additional 28,337 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Buying and Selling

In related news, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at approximately $8,093,726.96. This represents a 15.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the sale, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at $7,199,852.68. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Jackson Financial Stock Performance

Jackson Financial stock traded down $0.17 during mid-day trading on Thursday, reaching $81.95. 96,457 shares of the stock traded hands, compared to its average volume of 825,858. The stock has a market capitalization of $5.95 billion, a PE ratio of 7.15 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. The business's 50-day moving average is $79.66 and its 200-day moving average is $87.66.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating analysts' consensus estimates of $4.93 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $4.23 EPS. As a group, sell-side analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio is currently 310.68%.

Analysts Set New Price Targets

Several research firms have recently weighed in on JXN. Barclays boosted 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. Keefe, Bruyette & Woods upped their price target on Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley set a $91.00 price target on Jackson Financial and gave the company an "equal weight" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.