Jackson Financial Inc. (NYSE:JXN) Stake Raised by Independent Advisor Alliance

Independent Advisor Alliance increased its holdings in Jackson Financial Inc. (NYSE:JXN) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,739 shares of the company’s stock after buying an additional 309 shares during the quarter. Independent Advisor Alliance’s holdings in Jackson Financial were worth $1,022,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JXN. Empowered Funds LLC acquired a new position in Jackson Financial during the 4th quarter worth $26,000. World Investment Advisors LLC acquired a new stake in Jackson Financial in the third quarter worth about $31,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial in the 4th quarter valued at about $44,000. Blue Trust Inc. grew its position in Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after buying an additional 426 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Jackson Financial during the 4th quarter valued at about $126,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Scott Romine sold 7,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. This trade represents a 7.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods upped their target price on Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Jackson Financial currently has an average rating of “Hold” and an average target price of $97.40.

Jackson Financial Stock Up 4.4 %

Shares of Jackson Financial stock opened at $82.84 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 12-month low of $60.99 and a 12-month high of $115.22. The firm has a market capitalization of $6.02 billion, a PE ratio of 7.24 and a beta of 1.48. The stock’s fifty day moving average is $89.81 and its 200-day moving average is $92.81.

Jackson Financial (NYSE:JXN) last issued its 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. Equities analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.86%. Jackson Financial’s dividend payout ratio is 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.