Jacobs Levy Equity Management Inc. Raises Position in Jackson Financial Inc. (NYSE:JXN)

Jacobs Levy Equity Management Inc. increased its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,082,974 shares of the company's stock after buying an additional 4,987 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.47% of Jackson Financial worth $94,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JXN. Proficio Capital Partners LLC bought a new stake in shares of Jackson Financial during the 4th quarter worth $1,160,000. New York Life Investment Management LLC bought a new stake in Jackson Financial in the fourth quarter worth about $689,000. Robeco Institutional Asset Management B.V. boosted its stake in 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 acquiring an additional 19,934 shares during the last quarter. Barclays PLC grew its position in shares of Jackson Financial by 251.6% during the 3rd quarter. Barclays PLC now owns 134,001 shares of the company's stock valued at $12,223,000 after acquiring an additional 95,893 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Craig Donald Smith sold 20,607 shares of the business'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 value of $1,432,598.64. Following the sale, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at $8,093,726.96. The trade was a 15.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction that occurred on 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 owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley decreased their price objective on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, Barclays upped their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $91.80.

Jackson Financial Stock Down 0.6 %

JXN opened at $84.37 on Friday. The company has a market cap of $6.13 billion, a P/E ratio of 7.37 and a beta of 1.50. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $115.22. The business's 50-day moving average price is $79.39 and its 200-day moving average price is $89.24. 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 announced 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 firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. Jackson Financial's revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $4.23 EPS. On average, equities analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio is currently 310.68%.

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.

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