Lingohr Asset Management GmbH Raises Position in Jackson Financial Inc. (NYSE:JXN)

Lingohr Asset Management GmbH raised its position in shares of Jackson Financial Inc. (NYSE:JXN) by 22.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,613 shares of the company’s stock after acquiring an additional 2,536 shares during the period. Jackson Financial comprises about 2.4% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 5th largest holding. Lingohr Asset Management GmbH’s holdings in Jackson Financial were worth $1,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp grew its position in Jackson Financial by 4.9% during the 3rd quarter. State Street Corp now owns 3,266,981 shares of the company’s stock worth $298,047,000 after acquiring an additional 153,326 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Jackson Financial by 7.4% during the third quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock worth $194,187,000 after purchasing an additional 144,530 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Jackson Financial by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company’s stock worth $93,980,000 after purchasing an additional 28,337 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Jackson Financial by 196.4% in the fourth quarter. Victory Capital Management Inc. now owns 447,245 shares of the company’s stock valued at $38,946,000 after buying an additional 296,367 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Jackson Financial by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 417,984 shares of the company’s stock worth $36,398,000 after buying an additional 10,880 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Up 1.9 %

Shares of NYSE JXN opened at $84.20 on Thursday. Jackson Financial Inc. has a 1 year low of $62.17 and a 1 year high of $115.22. The firm’s 50-day moving average is $89.45 and its 200-day moving average is $92.71. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $6.12 billion, a PE ratio of 7.35 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data 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 business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Equities analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 3.80%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s payout ratio is currently 27.95%.

Analyst Ratings Changes

JXN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted 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. Barclays raised their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $97.40.

Insider Buying and Selling at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the transaction, the chief executive officer now owns 85,276 shares of the company’s stock, valued at $7,199,852.68. The trade was a 7.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Jackson Financial Company 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.