Plato Investment Management Ltd Has $259,000 Position in Jackson Financial Inc. (NYSE:JXN)

Plato Investment Management Ltd grew its position in Jackson Financial Inc. (NYSE:JXN) by 10.9% during the 3rd quarter, Holdings Channel reports. The firm owned 2,845 shares of the company’s stock after purchasing an additional 279 shares during the quarter. Plato Investment Management Ltd’s holdings in Jackson Financial were worth $259,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JXN. Dimensional Fund Advisors LP increased its holdings in Jackson Financial by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,471,335 shares of the company’s stock valued at $332,035,000 after purchasing an additional 163,598 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Jackson Financial by 20.1% during the first quarter. Donald Smith & CO. Inc. now owns 2,376,476 shares of the company’s stock worth $157,180,000 after purchasing an additional 397,287 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Jackson Financial by 6.5% in the second quarter. American Century Companies Inc. now owns 1,623,071 shares of the company’s stock valued at $120,529,000 after buying an additional 98,792 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Jackson Financial by 146.3% in the second quarter. Acadian Asset Management LLC now owns 1,219,218 shares of the company’s stock valued at $90,525,000 after buying an additional 724,148 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Jackson Financial by 6.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,106,063 shares of the company’s stock worth $73,155,000 after buying an additional 66,534 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

JXN has been the subject of several research reports. Barclays raised their price objective on shares of Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Jefferies Financial Group raised their price target on shares of Jackson Financial from $73.00 to $80.00 and gave the company a “hold” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods upped their price objective on Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, August 14th. Morgan Stanley lifted their target price on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Finally, Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price target for the company from $74.00 to $95.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Jackson Financial currently has a consensus rating of “Hold” and a consensus target price of $84.00.

Jackson Financial Price Performance

JXN opened at $100.63 on Friday. The company has a fifty day moving average price of $95.75 and a two-hundred day moving average price of $84.35. The firm has a market capitalization of $7.57 billion, a PE ratio of -7.96 and a beta of 1.48. Jackson Financial Inc. has a 52 week low of $44.40 and a 52 week high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $3.80 earnings per share. As a group, analysts anticipate that Jackson Financial Inc. will post 18.8 earnings per share for the current year.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, December 5th. Jackson Financial’s payout ratio is -22.15%.

Jackson Financial declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 7th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the company to purchase up to 10.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at Jackson Financial

In related news, EVP Carrie Chelko sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total value of $502,205.00. Following the completion of the transaction, the executive vice president now directly owns 61,829 shares in the company, valued at approximately $5,645,605.99. The trade was a 8.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

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.