Jackson Financial Inc. (NYSE:JXN) Shares Sold by Denali Advisors LLC

Denali Advisors LLC reduced its position in Jackson Financial Inc. (NYSE:JXN) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,129 shares of the company’s stock after selling 13,191 shares during the quarter. Denali Advisors LLC owned about 0.09% of Jackson Financial worth $5,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd raised its position in shares of Jackson Financial by 300.0% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company’s stock valued at $1,460,000 after buying an additional 12,000 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Jackson Financial in the 3rd quarter valued at about $897,000. Assetmark Inc. lifted its stake in Jackson Financial by 7.9% in the 3rd quarter. Assetmark Inc. now owns 91,641 shares of the company’s stock worth $8,360,000 after purchasing an additional 6,724 shares in the last quarter. World Investment Advisors LLC purchased a new position in Jackson Financial in the 3rd quarter worth approximately $31,000. Finally, Centaurus Financial Inc. boosted its holdings in shares of Jackson Financial by 135.1% during the 3rd quarter. Centaurus Financial Inc. now owns 10,169 shares of the company’s stock worth $928,000 after purchasing an additional 5,844 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling at Jackson Financial

In other news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

JXN has been the subject of several recent research reports. Barclays increased their price target on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Jackson Financial presently has a consensus rating of “Hold” and a consensus price target of $92.80.

Jackson Financial Trading Up 1.8 %

JXN opened at $85.09 on Wednesday. The stock has a market capitalization of $6.28 billion, a PE ratio of 7.43 and a beta of 1.47. Jackson Financial Inc. has a one year low of $51.59 and a one year 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 business’s 50 day moving average price is $90.76 and its 200 day moving average price is $92.93.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 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. As a group, equities research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio (DPR) is 27.95%.

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.