Quantinno Capital Management LP Makes New $843,000 Investment in Jackson Financial Inc. (NYSE:JXN)

Quantinno Capital Management LP acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,683 shares of the company's stock, valued at approximately $843,000.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in Jackson Financial during the 4th quarter worth $1,160,000. New York Life Investment Management LLC purchased a new position in Jackson Financial during the 4th quarter worth $689,000. Robeco Institutional Asset Management B.V. increased its holdings in Jackson Financial by 22.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 109,839 shares of the company's stock worth $9,565,000 after purchasing an additional 19,934 shares during the period. Barclays PLC increased its holdings in Jackson Financial by 251.6% during the 3rd quarter. Barclays PLC now owns 134,001 shares of the company's stock worth $12,223,000 after purchasing an additional 95,893 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Jackson Financial by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock worth $93,980,000 after purchasing an additional 28,337 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction on 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the sale, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. This 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.

Jackson Financial Stock Up 0.2%

Shares of NYSE:JXN traded up $0.16 on Thursday, reaching $82.27. The company had a trading volume of 79,112 shares, compared to its average volume of 749,377. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The firm's 50 day simple moving average is $79.66 and its 200-day simple moving average is $87.66. The firm has a market capitalization of $5.98 billion, a PE ratio of 7.18 and a beta of 1.50. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, topping 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 firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.23 EPS. As a group, analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a $0.80 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.89%. Jackson Financial's payout ratio is 310.68%.

Analyst Upgrades and Downgrades

Several research firms have commented on JXN. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, May 13th. 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. Finally, Barclays lifted their price target on Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.