Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in Jackson Financial Inc. (NYSE:JXN)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 147,589 shares of the company's stock, valued at approximately $12,852,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.20% of Jackson Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of JXN. Proficio Capital Partners LLC purchased a new position in shares of Jackson Financial in the fourth quarter valued at $1,160,000. New York Life Investment Management LLC purchased a new position in shares of Jackson Financial in the fourth quarter valued at $689,000. Robeco Institutional Asset Management B.V. increased its position in shares of Jackson Financial by 22.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 109,839 shares of the company's stock valued at $9,565,000 after buying an additional 19,934 shares in the last quarter. Barclays PLC increased its position in shares of Jackson Financial by 251.6% in the third quarter. Barclays PLC now owns 134,001 shares of the company's stock valued at $12,223,000 after buying an additional 95,893 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 valued at $93,980,000 after buying an additional 28,337 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

JXN has been the subject of a number of research analyst reports. Morgan Stanley set a $91.00 price target on Jackson Financial and gave the company an "equal weight" rating in a research report on Monday, May 19th. Barclays raised their price target on Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods raised their price target on 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $94.80.

Jackson Financial Price Performance

Shares of JXN traded up $1.42 during trading hours on Tuesday, reaching $84.06. 113,054 shares of the company traded hands, compared to its average volume of 751,858. The stock has a fifty day simple moving average of $79.30 and a 200 day simple moving average of $86.89. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The stock has a market capitalization of $6.01 billion, a PE ratio of 7.34 and a beta of 1.50.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) 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 quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $4.23 earnings per share. As a group, research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio is currently 310.68%.

Insider Activity

In related news, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 116,423 shares in the company, valued at approximately $8,093,726.96. This trade represents a 15.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the sale, the chief executive officer now owns 85,276 shares in the company, valued at approximately $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. Corporate insiders own 1.60% of the company's stock.

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.