Jackson Financial Inc. (NYSE:JXN) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Jackson Financial Inc. (NYSE:JXN) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,778 shares of the company’s stock after purchasing an additional 118 shares during the period. GAMMA Investing LLC’s holdings in Jackson Financial were worth $155,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Jackson Financial by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,471,335 shares of the company’s stock valued at $332,035,000 after buying an additional 163,598 shares during the period. State Street Corp increased its position in shares of Jackson Financial by 4.9% during the third quarter. State Street Corp now owns 3,266,981 shares of the company’s stock valued at $298,047,000 after acquiring an additional 153,326 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Jackson Financial by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock valued at $194,187,000 after acquiring an additional 144,530 shares during the period. American Century Companies Inc. lifted its holdings in shares of Jackson Financial by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 1,623,071 shares of the company’s stock worth $120,529,000 after acquiring an additional 98,792 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Jackson Financial by 40.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock worth $95,874,000 after acquiring an additional 300,520 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JXN has been the topic of a number of research analyst reports. Barclays cut their target price on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price objective for the company from $74.00 to $95.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $84.83.

Jackson Financial Stock Performance

Shares of JXN stock opened at $88.45 on Thursday. The firm has a 50 day moving average of $96.59 and a two-hundred day moving average of $89.81. The stock has a market capitalization of $6.53 billion, a PE ratio of -7.00 and a beta of 1.46. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a 52 week low of $47.49 and a 52 week high of $115.22.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (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 analysts’ expectations of $1.73 billion. During the same period in the previous year, the business posted $3.80 EPS. On average, research analysts predict that Jackson Financial Inc. will post 18.8 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently disclosed 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 3.17%. The ex-dividend date was Thursday, December 5th. Jackson Financial’s payout ratio is presently -22.15%.

Insider Transactions at Jackson Financial

In other news, Director Gregory T. Durant acquired 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the transaction, the director now owns 32,023 shares in the company, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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.