Point72 Asia Singapore Pte. Ltd. Acquires New Stake 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) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,792 shares of the company's stock, valued at approximately $417,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in Jackson Financial during the 4th quarter worth approximately $26,000. Quarry LP purchased a new stake in shares of Jackson Financial during the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Jackson Financial during the fourth quarter worth $44,000. Blue Trust Inc. lifted its holdings in shares of Jackson Financial by 108.1% during the fourth quarter. Blue Trust Inc. now owns 774 shares of the company's stock worth $71,000 after purchasing an additional 402 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in Jackson Financial in the 4th quarter valued at $79,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Insider Buying and Selling

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 116,423 shares of the company's stock, valued at $8,093,726.96. This represents a 15.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Romine sold 7,000 shares of the firm's stock in a transaction that occurred 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Jackson Financial Price Performance

Shares of NYSE JXN traded up $0.05 during trading on Monday, hitting $85.27. 503,382 shares of the company were exchanged, compared to its average volume of 749,589. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 7.45 and a beta of 1.50. The firm's fifty day moving average price is $79.78 and its 200 day moving average price is $88.57.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, topping analysts' consensus estimates of $4.93 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the prior year, the firm posted $4.23 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on JXN. Barclays upped their price objective on shares of 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 increased their price target on shares of Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley lifted their price objective on Jackson Financial from $68.00 to $91.00 and gave the company an "equal weight" rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $94.80.

Jackson Financial Company 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.