497,244 Shares in Jackson Financial Inc. (NYSE:JXN) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 497,244 shares of the company's stock, valued at approximately $25,459,000. International Assets Investment Management LLC owned 0.63% of Jackson Financial as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of JXN. JPMorgan Chase & Co. raised its holdings in Jackson Financial by 0.7% during the 1st quarter. JPMorgan Chase & Co. now owns 92,635 shares of the company's stock worth $4,098,000 after buying an additional 662 shares during the period. Raymond James & Associates raised its holdings in shares of Jackson Financial by 19.5% in the first quarter. Raymond James & Associates now owns 34,968 shares of the company's stock valued at $1,547,000 after purchasing an additional 5,699 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of Jackson Financial in the first quarter valued at approximately $346,000. Canada Pension Plan Investment Board acquired a new stake in shares of Jackson Financial in the first quarter valued at approximately $402,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Jackson Financial in the first quarter valued at approximately $108,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Up 1.0 %

Shares of NYSE:JXN traded up $0.63 during midday trading on Wednesday, hitting $65.59. The stock had a trading volume of 706,560 shares, compared to its average volume of 836,092. Jackson Financial Inc. has a 12 month low of $26.70 and a 12 month high of $68.97. 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 business's 50-day simple moving average is $57.91 and its 200-day simple moving average is $49.68. The company has a market cap of $5.08 billion, a P/E ratio of 6.71 and a beta of 1.57.

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

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 12th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.27%. This is a boost from Jackson Financial's previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, March 11th. Jackson Financial's payout ratio is 28.54%.

Insiders Place Their Bets

In related news, Director Derek G. Kirkland acquired 3,500 shares of Jackson Financial stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $55.67 per share, with a total value of $194,845.00. Following the completion of the transaction, the director now directly owns 37,726 shares in the company, valued at approximately $2,100,206.42. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JXN shares. Morgan Stanley lifted their price objective on shares of Jackson Financial from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Friday, March 1st. Keefe, Bruyette & Woods lifted their price objective on shares of Jackson Financial from $68.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday. Jefferies Financial Group reissued a "hold" rating and issued a $55.00 target price on shares of Jackson Financial in a research note on Tuesday, January 2nd. Finally, The Goldman Sachs Group raised their target price 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. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $57.25.

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.