Jackson Financial Inc. (NYSE:JXN) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 96.3% in the fourth quarter, Holdings Channel reports. The firm owned 44,890 shares of the company’s stock after buying an additional 22,021 shares during the quarter. Intech Investment Management LLC’s holdings in Jackson Financial were worth $3,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of JXN. Empowered Funds LLC acquired a new stake in Jackson Financial during the 4th quarter worth $26,000. World Investment Advisors LLC acquired a new stake in shares of Jackson Financial in the 3rd quarter worth $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Jackson Financial in the 4th quarter worth $44,000. Blue Trust Inc. lifted its stake in shares of Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock worth $69,000 after acquiring an additional 426 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Jackson Financial in the 4th quarter worth $126,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Performance

Shares of JXN opened at $84.20 on Thursday. The company has a 50-day simple moving average of $89.45 and a 200-day simple moving average of $92.71. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $6.12 billion, a PE ratio of 7.35 and a beta of 1.48. Jackson Financial Inc. has a 52-week low of $62.17 and a 52-week high of $115.22.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Equities research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal 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 issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Tuesday, March 11th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

Insider Activity

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This trade represents a 7.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JXN. Barclays raised their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned 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 $97.40.

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.