Jackson Financial Inc. (NYSE:JXN) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 80.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,732 shares of the company's stock after acquiring an additional 13,656 shares during the period. Mackenzie Financial Corp's holdings in Jackson Financial were worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Jackson Financial by 251.6% in the 3rd quarter. Barclays PLC now owns 134,001 shares of the company's stock valued at $12,223,000 after purchasing an additional 95,893 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Jackson Financial by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after purchasing an additional 168 shares during the last quarter. Blue Trust Inc. boosted its holdings in Jackson Financial by 108.1% in the 4th quarter. Blue Trust Inc. now owns 774 shares of the company's stock valued at $71,000 after purchasing an additional 402 shares during the last quarter. KBC Group NV boosted its holdings in Jackson Financial by 1,495.2% in the 4th quarter. KBC Group NV now owns 36,833 shares of the company's stock valued at $3,207,000 after purchasing an additional 34,524 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Jackson Financial in the 4th quarter valued at about $126,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jackson Financial

In related news, CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 116,423 shares in the company, valued at $8,093,726.96. The trade was a 15.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the sale, the chief executive officer now owns 85,276 shares of the company's stock, valued at $7,199,852.68. This trade represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

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

Jackson Financial Stock Down 1.2%

Shares of NYSE JXN traded down $0.99 during mid-day trading on Friday, reaching $81.82. The company had a trading volume of 950,022 shares, compared to its average volume of 754,241. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $79.40 and a two-hundred day simple moving average of $87.11. The stock has a market cap of $5.85 billion, a P/E ratio of 7.15 and a beta of 1.50. 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 posted its earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating 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. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $4.23 earnings per share. Sell-side analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio is currently 310.68%.

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.