8,203 Shares in Jackson Financial Inc. (NYSE:JXN) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought 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 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,203 shares of the company's stock, valued at approximately $714,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JXN shares. Morgan Stanley upped their price objective 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. Keefe, Bruyette & Woods upped 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, Barclays increased their price target 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. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $94.80.

Jackson Financial Price Performance

Jackson Financial stock traded down $3.05 during midday trading on Wednesday, reaching $82.00. The company's stock had a trading volume of 239,568 shares, compared to its average volume of 747,352. 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 stock has a market cap of $5.96 billion, a PE ratio of 7.16 and a beta of 1.50. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The business has a 50-day moving average price of $79.89 and a 200-day moving average price of $88.55.

Jackson Financial (NYSE:JXN - Get Free Report) last posted 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 analyst estimates of $1.80 billion. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.23 earnings per share. On average, sell-side analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.90%. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

Insider Activity

In other news, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction on Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the transaction, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. The trade was 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 business's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

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.