Advisors Preferred LLC Acquires Shares of 33,321 Jackson Financial Inc. (NYSE:JXN)

Advisors Preferred LLC purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 33,321 shares of the company's stock, valued at approximately $1,680,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JXN. Hsbc Holdings PLC lifted its stake in Jackson Financial by 45,699.9% in the 3rd quarter. Hsbc Holdings PLC now owns 3,241,261 shares of the company's stock valued at $124,043,000 after purchasing an additional 3,234,184 shares during the last quarter. EJF Capital LLC raised its stake in shares of Jackson Financial by 2,218.3% during the first quarter. EJF Capital LLC now owns 1,759,620 shares of the company's stock valued at $77,828,000 after acquiring an additional 1,683,720 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Jackson Financial by 16.1% during the third quarter. Vanguard Group Inc. now owns 10,933,228 shares of the company's stock valued at $417,868,000 after acquiring an additional 1,518,547 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Jackson Financial by 38.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,939,256 shares of the company's stock valued at $105,375,000 after acquiring an additional 1,088,980 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Jackson Financial by 88.6% during the second quarter. State Street Corp now owns 2,238,285 shares of the company's stock valued at $59,874,000 after acquiring an additional 1,051,563 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

Insiders Place Their Bets

In other Jackson Financial news, Director Derek G. Kirkland acquired 3,500 shares of the company's stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $55.67 per share, with a total value of $194,845.00. Following the completion of the purchase, the director now owns 37,726 shares of the company's stock, valued at $2,100,206.42. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JXN shares. The Goldman Sachs Group raised their price target on shares of Jackson Financial from $39.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, January 9th. Morgan Stanley raised their price target on shares of Jackson Financial from $49.00 to $52.00 and gave the company an "equal weight" rating in a research note on Friday, March 1st. Keefe, Bruyette & Woods raised shares of Jackson Financial from a "market perform" rating to an "outperform" rating and raised their price target for the company from $49.00 to $68.00 in a research note on Wednesday, February 28th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $55.00 price objective on shares of Jackson Financial in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $55.50.

Jackson Financial Stock Up 0.8 %

NYSE:JXN traded up $0.52 during trading hours on Friday, reaching $66.54. The company had a trading volume of 787,644 shares, compared to its average volume of 977,903. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.41. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 6.78 and a beta of 1.57. The business's 50-day simple moving average is $57.33 and its two-hundred day simple moving average is $49.23. Jackson Financial Inc. has a twelve month low of $26.70 and a twelve month high of $68.97.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $2.53 EPS for the quarter, missing analysts' consensus estimates of $3.53 by ($1.00). The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.40 billion. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $5.66 EPS. On average, equities analysts expect that Jackson Financial Inc. will post 15.59 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 12th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.21%. This is a boost from Jackson Financial's previous quarterly dividend of $0.62. The ex-dividend date was Monday, March 11th. Jackson Financial's dividend payout ratio (DPR) is presently 28.54%.

Jackson Financial 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.