Denali Advisors LLC Decreases Position in Jackson Financial Inc. (NYSE:JXN)

Denali Advisors LLC decreased its holdings in Jackson Financial Inc. (NYSE:JXN) by 16.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 68,129 shares of the company’s stock after selling 13,191 shares during the quarter. Denali Advisors LLC’s holdings in Jackson Financial were worth $5,933,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in Jackson Financial by 7.1% in the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after buying an additional 118 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Jackson Financial by 1.4% in 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. Janney Montgomery Scott LLC increased its holdings in shares of Jackson Financial by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock valued at $4,416,000 after acquiring an additional 168 shares during the last quarter. Caprock Group LLC raised its position in shares of Jackson Financial by 4.3% during the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock worth $367,000 after acquiring an additional 173 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Jackson Financial by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock worth $234,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $85.09 on Wednesday. The stock has a market cap of $6.28 billion, a P/E ratio of 7.43 and a beta of 1.47. Jackson Financial Inc. has a twelve month low of $51.59 and a twelve month high of $115.22. The stock has a 50 day moving average of $90.76 and a two-hundred day moving average of $92.93. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. On average, research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently declared 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 is Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.76%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

Insider Activity at Jackson Financial

In related news, Director Gregory T. Durant acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was bought 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 of the company’s stock, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on JXN shares. Evercore ISI cut 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 lifted their price target 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. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $92.80.

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.