CWA Asset Management Group LLC Acquires 2,069 Shares of Jackson Financial Inc. (NYSE:JXN)

CWA Asset Management Group LLC lifted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 21.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,898 shares of the company’s stock after purchasing an additional 2,069 shares during the quarter. CWA Asset Management Group LLC’s holdings in Jackson Financial were worth $1,036,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in JXN. World Investment Advisors LLC bought a new position in Jackson Financial during the third quarter worth about $31,000. Blue Trust Inc. boosted its stake in Jackson Financial by 232.1% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after buying an additional 260 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Jackson Financial in the 3rd quarter worth about $141,000. GAMMA Investing LLC lifted its holdings in Jackson Financial by 114.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,660 shares of the company’s stock valued at $151,000 after purchasing an additional 885 shares during the last quarter. Finally, CWM LLC boosted its position in Jackson Financial by 62.0% in the third quarter. CWM LLC now owns 1,660 shares of the company’s stock valued at $151,000 after buying an additional 635 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

JXN stock opened at $89.70 on Wednesday. The company has a 50 day moving average price of $96.84 and a 200 day moving average price of $89.69. Jackson Financial Inc. has a fifty-two week low of $47.49 and a fifty-two week high of $115.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $6.63 billion, a PE ratio of -7.10 and a beta of 1.46.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm posted $3.80 EPS. Analysts forecast that Jackson Financial Inc. will post 18.8 EPS for the current year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, December 5th. Jackson Financial’s dividend payout ratio (DPR) is presently -22.15%.

Insider Buying and Selling

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, with a total value of $135,420.00. Following the acquisition, the director now owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on JXN. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and raised their price objective for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays cut their price objective on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.83.

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.