Headlands Technologies LLC Purchases 1,497 Shares of Jackson Financial Inc. (NYSE:JXN)

Headlands Technologies LLC grew its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 114.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,807 shares of the company’s stock after buying an additional 1,497 shares during the quarter. Headlands Technologies LLC’s holdings in Jackson Financial were worth $244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new position in Jackson Financial in the 4th quarter valued at $98,767,000. Raymond James Financial Inc. bought a new position in Jackson Financial in the fourth quarter worth approximately $27,193,000. Victory Capital Management Inc. raised its position in Jackson Financial by 196.4% during the 4th quarter. Victory Capital Management Inc. now owns 447,245 shares of the company’s stock valued at $38,946,000 after purchasing an additional 296,367 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Jackson Financial by 6,642.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock valued at $19,716,000 after purchasing an additional 223,060 shares in the last quarter. Finally, Four Tree Island Advisory LLC purchased a new stake in shares of Jackson Financial in the 4th quarter worth $19,298,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 85,276 shares of the company’s stock, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

Jackson Financial Price Performance

JXN opened at $70.18 on Friday. The firm has a market capitalization of $5.10 billion, a PE ratio of 6.13 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The business’s 50-day moving average is $87.63 and its two-hundred day moving average is $92.69. Jackson Financial Inc. has a 1 year low of $62.81 and a 1 year high of $115.22.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Research analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.56%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial’s payout ratio is 27.95%.

Wall Street Analyst Weigh In

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