Janus Henderson Group PLC Buys 138,852 Shares of Jackson Financial Inc. (NYSE:JXN)

Janus Henderson Group PLC boosted its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 216.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,071 shares of the company's stock after acquiring an additional 138,852 shares during the period. Janus Henderson Group PLC owned 0.27% of Jackson Financial worth $17,673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JXN. Empowered Funds LLC bought a new position in shares of Jackson Financial in the fourth quarter worth $26,000. Quarry LP acquired a new stake in Jackson Financial during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. acquired 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% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company's stock valued at $69,000 after buying an additional 426 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Jackson Financial in the 4th quarter valued at approximately $79,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th. Morgan Stanley upped their target price on Jackson Financial from $68.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Barclays lifted their price target on Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $94.80.

Jackson Financial Price Performance

Shares of Jackson Financial stock traded down $1.96 during midday trading on Wednesday, hitting $83.08. 140,361 shares of the company traded hands, compared to its average volume of 746,933. The firm's fifty day moving average price is $79.89 and its 200-day moving average price is $88.55. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 7.26 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 quick ratio of 0.30 and a current ratio of 0.30.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, beating analysts' consensus estimates of $4.93 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. The business's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.23 EPS. As a group, sell-side analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a yield of 3.85%. Jackson Financial's dividend payout ratio is currently 310.68%.

Insider Buying and Selling

In other news, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 116,423 shares of the company's stock, valued at approximately $8,093,726.96. This trade represents a 15.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Romine sold 7,000 shares of the business's stock in a transaction 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 completion of the sale, 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. 1.60% of the stock is currently owned by corporate insiders.

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.