Millennium Management LLC raised its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 3,818.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,976 shares of the company's stock after purchasing an additional 161,740 shares during the quarter. Millennium Management LLC owned about 0.22% of Jackson Financial worth $14,453,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Jackson Financial by 2.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,227 shares of the company's stock valued at $5,332,000 after purchasing an additional 1,511 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Jackson Financial by 9.2% in the 4th quarter. Lazard Asset Management LLC now owns 195,194 shares of the company's stock valued at $16,996,000 after acquiring an additional 16,467 shares during the period. Lighthouse Investment Partners LLC raised its stake in shares of Jackson Financial by 4.3% in the 4th quarter. Lighthouse Investment Partners LLC now owns 102,621 shares of the company's stock valued at $8,936,000 after acquiring an additional 4,204 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Jackson Financial by 0.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock valued at $94,305,000 after acquiring an additional 4,987 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Jackson Financial by 216.2% in the 4th quarter. Janus Henderson Group PLC now owns 203,071 shares of the company's stock valued at $17,673,000 after acquiring an additional 138,852 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.
Jackson Financial Trading Down 0.2%
Shares of JXN stock opened at $81.25 on Friday. 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 stock has a market capitalization of $5.90 billion, a P/E ratio of 7.10 and a beta of 1.50. The company has a 50 day moving average price of $79.82 and a 200 day moving average price of $88.38. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, beating analysts' consensus estimates of $4.93 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $4.23 EPS. Equities research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.
Jackson Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is currently 310.68%.
Insider Activity at Jackson Financial
In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the business'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 transaction of $591,010.00. Following the completion of the transaction, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. The trade was a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Craig Donald Smith sold 20,607 shares of the business's 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 transaction, the chief executive officer now owns 116,423 shares of the company's stock, valued at $8,093,726.96. This trade represents a 15.04% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.
Wall Street Analysts Forecast Growth
JXN has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of Jackson Financial from $68.00 to $91.00 and gave the company an "equal weight" rating in a research note on Monday. Barclays boosted their price target 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. Finally, Keefe, Bruyette & Woods boosted 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 note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $94.80.
Get Our Latest Stock Report on JXN
About Jackson Financial
(
Free Report)
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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