CV Advisors LLC Invests $679,000 in Jackson Financial Inc. (NYSE:JXN)

CV Advisors LLC bought a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,800 shares of the company’s stock, valued at approximately $679,000. Jackson Financial accounts for approximately 0.2% of CV Advisors LLC’s holdings, making the stock its 21st biggest position.

Several other large investors have also made changes to their positions in JXN. Empowered Funds LLC acquired a new position in Jackson Financial in the 4th quarter valued at $26,000. World Investment Advisors LLC acquired a new position in Jackson Financial in the 3rd quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new position in Jackson Financial in the 4th quarter valued at $44,000. Blue Trust Inc. raised its stake 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 purchasing an additional 426 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Jackson Financial in the 4th quarter valued at $126,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of the stock in a transaction dated Friday, March 7th. The stock was 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 of the company’s stock, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Jackson Financial Stock Up 4.4 %

Shares of NYSE:JXN 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. The business has a fifty day moving average of $89.81 and a two-hundred day moving average of $92.81. The stock has a market cap of $6.02 billion, a P/E ratio of 7.24 and a beta of 1.48. Jackson Financial Inc. has a 52-week low of $60.99 and a 52-week high of $115.22.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts’ consensus estimates 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 expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. The ex-dividend date is Tuesday, March 11th. This is a boost 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 currently 27.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on JXN shares. Barclays increased their price objective on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, February 28th. One investment 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. Based on data from MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and a consensus price target of $97.40.

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.