Voloridge Investment Management LLC Invests $1.62 Million in Jackson Financial Inc. (NYSE:JXN)

Voloridge Investment Management LLC bought a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,622 shares of the company's stock, valued at approximately $1,622,000.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of Jackson Financial in the fourth quarter valued at $26,000. Quarry LP purchased a new stake in Jackson Financial during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new stake in Jackson Financial during the fourth quarter worth about $44,000. Blue Trust Inc. increased its holdings in Jackson Financial by 114.5% during the fourth quarter. Blue Trust Inc. now owns 798 shares of the company's stock worth $69,000 after buying an additional 426 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Jackson Financial in the fourth quarter worth about $79,000. 89.96% of the stock is owned by institutional investors.

Insider Transactions at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of the 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 transaction, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig Donald Smith sold 20,607 shares of the firm'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 sale, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. The trade was a 15.04% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Jackson Financial Trading Up 0.2%

NYSE:JXN traded up $0.16 during midday trading on Monday, reaching $82.07. 75,858 shares of the stock traded hands, compared to its average volume of 751,587. The company has a fifty day moving average of $79.40 and a 200 day moving average of $87.01. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $115.22. 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 $5.86 billion, a P/E ratio of 7.17 and a beta of 1.50.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.93 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analysts' expectations 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 firm posted $4.23 earnings per share. On average, research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently announced 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. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio is presently 310.68%.

Wall Street Analyst Weigh In

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