Hexagon Capital Partners LLC Has $101,000 Stock Position in Jackson Financial Inc. (NYSE:JXN)

Hexagon Capital Partners LLC boosted its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 18.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,532 shares of the company’s stock after buying an additional 235 shares during the period. Hexagon Capital Partners LLC’s holdings in Jackson Financial were worth $101,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Global Assets Advisory LLC bought a new stake in shares of Jackson Financial in the first quarter worth $2,188,000. GAMMA Investing LLC lifted its position in shares of Jackson Financial by 47.0% in the first quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after purchasing an additional 154 shares in the last quarter. Arden Trust Co lifted its position in shares of Jackson Financial by 1.9% in the first quarter. Arden Trust Co now owns 21,732 shares of the company’s stock worth $1,437,000 after purchasing an additional 411 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Jackson Financial in the fourth quarter worth $57,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Jackson Financial in the fourth quarter worth $209,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

NYSE JXN traded up $0.69 on Monday, hitting $74.95. 479,884 shares of the stock were exchanged, compared to its average volume of 763,094. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32. The business’s fifty day moving average is $73.59 and its 200 day moving average is $62.14. Jackson Financial Inc. has a 52 week low of $29.28 and a 52 week high of $81.52. The company has a market capitalization of $5.72 billion, a PE ratio of 1.98 and a beta of 1.51.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.56. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the company posted $3.15 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate that Jackson Financial Inc. will post 16.98 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $2.80 annualized dividend and a dividend yield of 3.74%. Jackson Financial’s dividend payout ratio is currently 7.40%.

Insider Buying and Selling at Jackson Financial

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on JXN shares. Evercore ISI cut their price objective on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a research report on Wednesday, June 26th. Jefferies Financial Group boosted their price objective on shares of Jackson Financial from $62.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods lowered shares of Jackson Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $75.00 to $80.00 in a research report on Tuesday, May 14th. Finally, Morgan Stanley upped their price target on shares of Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.00.

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.