Occudo Quantitative Strategies LP Takes $1.28 Million Position in Jackson Financial Inc. (NYSE:JXN)

Occudo Quantitative Strategies LP bought a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,673 shares of the company's stock, valued at approximately $1,278,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Jackson Financial during the fourth quarter worth about $98,767,000. First Trust Advisors LP boosted its holdings in Jackson Financial by 13.4% during the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock worth $360,036,000 after buying an additional 487,803 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Jackson Financial by 286.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 566,916 shares of the company's stock worth $49,367,000 after purchasing an additional 420,245 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Jackson Financial in the 4th quarter valued at about $27,193,000. Finally, Victory Capital Management Inc. grew its holdings in Jackson Financial by 196.4% during the 4th quarter. Victory Capital Management Inc. now owns 447,245 shares of the company's stock worth $38,946,000 after acquiring an additional 296,367 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Stock Up 0.2%

Shares of NYSE JXN traded up $0.13 during trading on Monday, reaching $85.35. The company had a trading volume of 122,969 shares, compared to its average volume of 748,108. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. The stock has a market cap of $6.20 billion, a PE ratio of 7.46 and a beta of 1.50. The business's 50-day moving average is $79.69 and its 200 day moving average is $88.67. The company has a quick ratio of 0.30, a current 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 earnings per share for the quarter, beating the consensus estimate of $4.93 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the prior year, the business earned $4.23 EPS. The business's quarterly revenue was down .6% compared to the same quarter last year. As a group, equities analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is currently 310.68%.

Wall Street Analyst Weigh In

Several research firms recently commented on JXN. Barclays increased their target price on shares of Jackson Financial from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley increased their price target on shares of Jackson Financial from $68.00 to $91.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Keefe, Bruyette & Woods increased their target price 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Jackson Financial has a consensus rating of "Hold" and an average price target of $94.80.

Insider Buying and Selling

In other news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the sale, the chief executive officer now directly owns 85,276 shares of the company's stock, valued at $7,199,852.68. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Craig Donald Smith sold 20,607 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the completion of the sale, the chief executive officer now 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 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.