Ameritas Investment Partners Inc. Decreases Stake in Jackson Financial Inc. (NYSE:JXN)

Ameritas Investment Partners Inc. reduced its position in Jackson Financial Inc. (NYSE:JXN) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,968 shares of the company’s stock after selling 613 shares during the period. Ameritas Investment Partners Inc.’s holdings in Jackson Financial were worth $527,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in JXN. GAMMA Investing LLC increased its stake in Jackson Financial by 47.0% during the first quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after acquiring an additional 154 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Jackson Financial during the fourth quarter worth approximately $36,000. Headlands Technologies LLC bought a new stake in Jackson Financial during the fourth quarter worth approximately $38,000. Kapitalo Investimentos Ltda bought a new stake in Jackson Financial during the fourth quarter worth approximately $57,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Jackson Financial by 113.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,297 shares of the company’s stock valued at $66,000 after buying an additional 688 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley upped their target price on Jackson Financial from $82.00 to $84.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 10th. Jefferies Financial Group upped their target price on Jackson Financial from $62.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, June 28th. Keefe, Bruyette & Woods cut Jackson Financial from an “outperform” rating to a “market perform” rating and upped their target price for the company from $75.00 to $80.00 in a research note on Tuesday, May 14th. Finally, Evercore ISI cut their target price on Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a research note on Wednesday, June 26th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Jackson Financial has an average rating of “Hold” and a consensus price target of $70.80.

Jackson Financial Stock Performance

JXN traded down $0.98 during midday trading on Wednesday, hitting $84.52. 290,920 shares of the company were exchanged, compared to its average volume of 747,297. The company’s 50 day simple moving average is $75.78 and its 200 day simple moving average is $65.26. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 2.26 and a beta of 1.51. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a 1-year low of $31.40 and a 1-year high of $86.09.

Jackson Financial (NYSE:JXN) last posted its earnings results on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.56. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.67 billion. Jackson Financial’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $3.15 earnings per share. As a group, sell-side analysts predict that Jackson Financial Inc. will post 17.33 earnings per share for the current year.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Thursday, June 6th. Jackson Financial’s dividend payout ratio is presently 7.40%.

Insider Activity at Jackson Financial

In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $75.67, for a total value of $983,710.00. Following the transaction, the chief operating officer now directly owns 93,405 shares of the company’s stock, valued at approximately $7,067,956.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Don W. Cummings purchased 1,445 shares of Jackson Financial stock in a transaction dated Wednesday, June 5th. The shares were purchased at an average price of $72.70 per share, with a total value of $105,051.50. Following the transaction, the chief financial officer now owns 45,711 shares in the company, valued at $3,323,189.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, COO Devkumar Dilip Ganguly sold 13,000 shares of Jackson Financial stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $75.67, for a total transaction of $983,710.00. Following the sale, the chief operating officer now directly owns 93,405 shares in the company, valued at approximately $7,067,956.35. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

About Jackson Financial

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.