Jackson Financial Inc. (NYSE:JXN) is Donald Smith & CO. Inc.’s 9th Largest Position

Donald Smith & CO. Inc. reduced its stake in Jackson Financial Inc. (NYSE:JXN) by 22.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,557,289 shares of the company’s stock after selling 444,107 shares during the quarter. Jackson Financial comprises approximately 3.2% of Donald Smith & CO. Inc.’s portfolio, making the stock its 9th biggest holding. Donald Smith & CO. Inc. owned approximately 2.11% of Jackson Financial worth $135,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JXN. GAMMA Investing LLC raised its holdings in Jackson Financial by 7.1% in the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after acquiring an additional 118 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Jackson Financial by 0.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock worth $4,416,000 after buying an additional 168 shares during the period. Caprock Group LLC lifted its position in Jackson Financial by 4.3% during the fourth quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock worth $367,000 after buying an additional 173 shares during the period. IFP Advisors Inc boosted its stake in Jackson Financial by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock worth $234,000 after buying an additional 180 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in Jackson Financial by 1.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 18,048 shares of the company’s stock valued at $1,572,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

JXN has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, February 28th. Barclays lifted their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Jackson Financial currently has an average rating of “Hold” and an average price target of $97.40.

Jackson Financial Stock Performance

NYSE:JXN opened at $87.20 on Thursday. Jackson Financial Inc. has a twelve month low of $62.81 and a twelve month high of $115.22. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 7.62 and a beta of 1.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $88.47 and its 200 day simple moving average is $92.91.

Jackson Financial (NYSE:JXN) last posted its earnings results on Wednesday, February 19th. The company reported $4.65 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 analyst estimates of $1.81 billion. As a group, equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.67%. Jackson Financial’s dividend payout ratio is currently 27.95%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction on Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the transaction, the chief executive officer now owns 85,276 shares of the company’s stock, valued at $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is currently owned by 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.