Fmr LLC Boosts Holdings in Jackson Financial Inc. (NYSE:JXN)

Fmr LLC boosted its position in Jackson Financial Inc. (NYSE:JXN) by 106.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 174,505 shares of the company’s stock after buying an additional 89,798 shares during the period. Fmr LLC’s holdings in Jackson Financial were worth $15,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Allocation Strategies LLC raised its stake in shares of Jackson Financial by 0.6% during the 2nd quarter. Asset Allocation Strategies LLC now owns 18,926 shares of the company’s stock worth $1,405,000 after buying an additional 119 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Jackson Financial by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock valued at $1,032,000 after acquiring an additional 159 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Jackson Financial by 1.2% during the 2nd quarter. Private Advisor Group LLC now owns 14,962 shares of the company’s stock valued at $1,111,000 after acquiring an additional 178 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Jackson Financial by 2.0% during the 2nd quarter. International Assets Investment Management LLC now owns 9,954 shares of the company’s stock worth $739,000 after purchasing an additional 199 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after purchasing an additional 260 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JXN. Keefe, Bruyette & Woods upped their price target 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 upped their price target on Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Finally, Barclays upped their price target on Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $84.00.

Jackson Financial Stock Performance

JXN stock opened at $89.93 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a market cap of $6.64 billion, a P/E ratio of -7.11 and a beta of 1.42. Jackson Financial Inc. has a 12-month low of $47.49 and a 12-month high of $115.22. The stock’s 50 day simple moving average is $100.27 and its 200 day simple moving average is $87.63.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company earned $3.80 earnings per share. As a group, equities research analysts predict that Jackson Financial Inc. will post 18.8 EPS for the current year.

Jackson Financial Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, December 5th. This represents a $2.80 annualized dividend and a yield of 3.11%. Jackson Financial’s dividend payout ratio is currently -22.15%.

Insider Activity at Jackson Financial

In related news, EVP Carrie Chelko sold 5,500 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 61,829 shares of the company’s stock, valued at approximately $5,645,605.99. This represents a 8.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.