Oxbow Advisors LLC Cuts Stake in Jackson Financial Inc. (NYSE:JXN)

Oxbow Advisors LLC reduced its stake in Jackson Financial Inc. (NYSE:JXN) by 1.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,460 shares of the company’s stock after selling 192 shares during the period. Oxbow Advisors LLC’s holdings in Jackson Financial were worth $1,695,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC purchased a new position in shares of Jackson Financial in the 4th quarter worth about $26,000. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 260 shares during the last quarter. R Squared Ltd purchased a new stake in Jackson Financial during the fourth quarter valued at about $126,000. Harbor Capital Advisors Inc. purchased a new stake in Jackson Financial during the third quarter valued at about $141,000. Finally, CWM LLC lifted its holdings in Jackson Financial by 62.0% during the third quarter. CWM LLC now owns 1,660 shares of the company’s stock valued at $151,000 after purchasing an additional 635 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Gregory T. Durant purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JXN shares. Barclays upped their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday. Evercore ISI downgraded shares of 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 report on Thursday, November 14th. 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, the stock currently has an average rating of “Hold” and a consensus target price of $92.80.

Jackson Financial Price Performance

NYSE JXN opened at $81.63 on Friday. The company has a market cap of $6.03 billion, a PE ratio of -6.46 and a beta of 1.47. Jackson Financial Inc. has a 52 week low of $48.00 and a 52 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. The firm’s 50-day simple moving average is $90.93 and its two-hundred day simple moving average is $92.65.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Research analysts predict that Jackson Financial Inc. will post 18.85 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be given 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 annualized dividend and a dividend yield of 3.92%. Jackson Financial’s dividend payout ratio is currently 27.95%.

Jackson Financial Profile

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.