Gordian Capital Singapore Pte Ltd Buys 12,000 Shares of Jackson Financial Inc. (NYSE:JXN)

Gordian Capital Singapore Pte Ltd lifted its stake in Jackson Financial Inc. (NYSE:JXN) by 300.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,000 shares of the company’s stock after buying an additional 12,000 shares during the quarter. Jackson Financial makes up about 0.6% of Gordian Capital Singapore Pte Ltd’s investment portfolio, making the stock its 25th largest position. Gordian Capital Singapore Pte Ltd’s holdings in Jackson Financial were worth $1,460,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Asset Allocation Strategies LLC lifted its position in Jackson Financial by 0.6% in the second quarter. Asset Allocation Strategies LLC now owns 18,926 shares of the company’s stock worth $1,405,000 after buying an additional 119 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Jackson Financial by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock worth $1,032,000 after acquiring an additional 159 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Jackson Financial by 1.2% during the 2nd quarter. Private Advisor Group LLC now owns 14,962 shares of the company’s stock worth $1,111,000 after purchasing an additional 178 shares during the period. International Assets Investment Management LLC grew its holdings in Jackson Financial by 2.0% during the 2nd quarter. International Assets Investment Management LLC now owns 9,954 shares of the company’s stock valued at $739,000 after purchasing an additional 199 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Jackson Financial by 232.1% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after purchasing an additional 260 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jackson Financial

In other news, EVP Carrie Chelko sold 5,500 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total transaction of $502,205.00. Following the transaction, the executive vice president now owns 61,829 shares of the company’s stock, valued at approximately $5,645,605.99. The trade was a 8.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on JXN. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price objective for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Morgan Stanley lifted their price objective on shares of Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Finally, Barclays upped their target price on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $84.00.

Jackson Financial Price Performance

Shares of JXN opened at $97.85 on Monday. The business’s 50-day moving average is $100.21 and its two-hundred day moving average is $87.42. Jackson Financial Inc. has a fifty-two week low of $47.49 and a fifty-two week high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business earned $3.80 earnings per share. On average, sell-side analysts forecast that Jackson Financial Inc. will post 18.8 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, December 5th. Jackson Financial’s payout ratio is -22.15%.

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.