Point72 Asia Singapore Pte. Ltd. Makes New Investment in Jackson Financial Inc. (NYSE:JXN)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,792 shares of the company's stock, valued at approximately $417,000.

Other large investors have also bought and sold shares of the company. First Trust Advisors LP grew its holdings in Jackson Financial by 13.4% during the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock worth $360,036,000 after acquiring an additional 487,803 shares during the period. Geode Capital Management LLC boosted its position in shares of Jackson Financial by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company's stock worth $188,522,000 after purchasing an additional 13,362 shares during the last quarter. Norges Bank acquired a new stake in shares of Jackson Financial during the fourth quarter worth $98,767,000. Jacobs Levy Equity Management Inc. increased its holdings in Jackson Financial by 0.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock valued at $94,305,000 after purchasing an additional 4,987 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Jackson Financial by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock valued at $93,980,000 after buying an additional 28,337 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Down 3.6%

Shares of NYSE:JXN traded down $3.05 during trading on Wednesday, hitting $82.00. 239,568 shares of the company's stock traded hands, compared to its average volume of 747,369. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $79.89 and a 200-day moving average price of $88.55. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 7.16 and a beta of 1.50.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly 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 the consensus estimate of $1.80 billion. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.23 EPS. As a group, research analysts forecast that Jackson Financial Inc. will post 20.55 EPS 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 given a $0.80 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.20 annualized dividend and a yield of 3.90%. Jackson Financial's dividend payout ratio is currently 310.68%.

Insider Buying and Selling

In related 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 owns 85,276 shares of the company's stock, valued at approximately $7,199,852.68. This trade represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction that occurred 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 in the company, valued at $8,093,726.96. The trade was a 15.04% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

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

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.