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

Jacobs Levy Equity Management Inc. boosted its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,082,974 shares of the company's stock after acquiring 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 reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JXN. Empowered Funds LLC purchased a new stake in Jackson Financial in the fourth quarter valued at approximately $26,000. Quarry LP bought a new position in shares of Jackson Financial in the 4th quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Jackson Financial during the 4th quarter valued at $44,000. Blue Trust Inc. lifted its holdings in shares of Jackson Financial by 108.1% during the 4th quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after acquiring an additional 402 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Jackson Financial in the fourth quarter worth $79,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Trading Down 0.0%

JXN traded down $0.00 during trading on Friday, hitting $85.20. 750,720 shares of the stock traded hands, compared to its average volume of 749,238. The firm has a market capitalization of $6.19 billion, a P/E ratio of 7.44 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 company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a 50-day moving average of $79.61 and a 200 day moving average of $88.96.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.93 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate 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 earnings per share. Equities research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Thursday, June 12th. Jackson Financial's payout ratio is 310.68%.

Analysts Set New Price Targets

JXN has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price target on Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research note on Tuesday. Barclays boosted their target price on Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley reduced their price target on shares of Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $93.80.

Insider Activity at Jackson Financial

In other news, 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 completion of 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 trade represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the 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 completion of the transaction, the chief executive officer now directly owns 116,423 shares of the company's stock, valued at approximately $8,093,726.96. The trade was a 15.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

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.