Tower Research Capital LLC TRC Boosts Holdings in Jackson Financial Inc. (NYSE:JXN)

Tower Research Capital LLC TRC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 826.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,751 shares of the company's stock after purchasing an additional 3,346 shares during the period. Tower Research Capital LLC TRC's holdings in Jackson Financial were worth $327,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JXN. Barclays PLC boosted its holdings in shares of Jackson Financial by 251.6% in the 3rd quarter. Barclays PLC now owns 134,001 shares of the company's stock valued at $12,223,000 after buying an additional 95,893 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Jackson Financial during the third quarter valued at approximately $31,000. Tidal Investments LLC acquired a new stake in Jackson Financial in the third quarter valued at approximately $1,733,000. DGS Capital Management LLC purchased a new position in Jackson Financial in the third quarter worth $478,000. Finally, Principal Financial Group Inc. increased its position in shares of Jackson Financial by 0.3% during the third quarter. Principal Financial Group Inc. now owns 407,104 shares of the company's stock worth $37,140,000 after purchasing an additional 1,152 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on JXN shares. Morgan Stanley lowered their price objective on Jackson Financial from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price target on Jackson Financial from $105.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays cut their price objective on shares of Jackson Financial from $118.00 to $106.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $91.40.

Insider Activity

In other news, CEO Craig Donald Smith sold 20,607 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the sale, the chief executive officer now directly owns 116,423 shares in the company, valued at $8,093,726.96. This trade represents a 15.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Romine sold 7,000 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Jackson Financial Stock Performance

Shares of Jackson Financial stock traded down $0.39 during trading on Monday, hitting $81.23. 540,490 shares of the company's stock were exchanged, compared to its average volume of 750,068. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 7.09 and a beta of 1.50. The business has a 50-day simple moving average of $79.89 and a 200-day simple moving average of $89.70.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. On average, research analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.80 per share. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.94%. Jackson Financial's dividend payout ratio (DPR) is presently 27.95%.

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.