Harvest Investment Services LLC Acquires Shares of 10,193 Jackson Financial Inc. (NYSE:JXN)

Harvest Investment Services LLC acquired a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,193 shares of the company's stock, valued at approximately $888,000.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Jackson Financial by 7.1% in the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock valued at $155,000 after purchasing an additional 118 shares during the period. Janney Montgomery Scott LLC boosted its position 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 buying an additional 168 shares during the period. Caprock Group LLC grew its stake in shares of Jackson Financial by 4.3% in the fourth quarter. Caprock Group LLC now owns 4,218 shares of the company's stock worth $367,000 after acquiring an additional 173 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Jackson Financial by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company's stock worth $234,000 after acquiring an additional 180 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of Jackson Financial by 1.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 18,048 shares of the company's stock worth $1,572,000 after acquiring an additional 193 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

JXN has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price target on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley dropped their price objective on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Finally, Barclays decreased their target price on Jackson Financial from $118.00 to $106.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $91.40.

Jackson Financial Stock Performance

Jackson Financial stock traded up $0.82 during trading hours on Monday, reaching $77.58. 119,274 shares of the stock were exchanged, compared to its average volume of 747,760. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week 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 firm's 50 day moving average is $80.57 and its 200 day moving average is $90.42. The stock has a market cap of $5.64 billion, a P/E ratio of 6.76 and a beta of 1.49.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.81 billion. Analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.12%. Jackson Financial's payout ratio is 27.95%.

Insider Transactions at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction dated Monday, April 7th. The shares were 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 directly owns 116,423 shares in the company, valued at $8,093,726.96. This represents a 15.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Scott Romine sold 7,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 85,276 shares in the company, 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.

About Jackson Financial

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.