Lighthouse Investment Partners LLC Has $8.94 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

Lighthouse Investment Partners LLC raised its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,621 shares of the company's stock after acquiring an additional 4,204 shares during the period. Lighthouse Investment Partners LLC owned about 0.14% of Jackson Financial worth $8,936,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its holdings in Jackson Financial by 0.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock valued at $94,305,000 after acquiring an additional 4,987 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Jackson Financial by 216.2% in the 4th quarter. Janus Henderson Group PLC now owns 203,071 shares of the company's stock valued at $17,673,000 after acquiring an additional 138,852 shares in the last quarter. Ethic Inc. acquired a new position in Jackson Financial in the 4th quarter valued at approximately $455,000. Deutsche Bank AG grew its stake in shares of Jackson Financial by 48.9% in the 4th quarter. Deutsche Bank AG now owns 65,617 shares of the company's stock valued at $5,714,000 after purchasing an additional 21,556 shares during the period. Finally, Corton Capital Inc. bought a new stake in shares of Jackson Financial in the 4th quarter valued at approximately $205,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Buying and Selling

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the company'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 transaction, the chief executive officer now owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. This represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 116,423 shares in the company, valued at approximately $8,093,726.96. This represents a 15.04% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Jackson Financial Price Performance

NYSE JXN traded down $0.00 during trading hours on Friday, reaching $85.20. 750,720 shares of the company's stock were exchanged, compared to its average volume of 750,578. The stock has a market cap of $6.19 billion, a PE ratio of 7.44 and a beta of 1.50. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $115.22. The firm has a fifty day moving average of $79.69 and a 200-day moving average of $88.74. 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 released its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, topping analysts' consensus estimates of $4.93 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. The firm's revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $4.23 earnings per share. On average, equities research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

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 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 3.76%. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JXN. Morgan Stanley lowered their price objective on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Barclays upped their price objective on Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods upped their price objective on Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday. One equities research 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $93.80.

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.