Williamson Legacy Group LLC Takes Position in Jackson Financial Inc. (NYSE:JXN)

Williamson Legacy Group LLC purchased a new stake in shares of Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,617 shares of the company’s stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JXN. QRG Capital Management Inc. raised its holdings in Jackson Financial by 2.8% in the 4th quarter. QRG Capital Management Inc. now owns 9,111 shares of the company’s stock valued at $793,000 after buying an additional 246 shares during the period. Proficio Capital Partners LLC purchased a new stake in Jackson Financial in the 4th quarter valued at about $1,160,000. New York Life Investment Management LLC purchased a new stake in Jackson Financial in the 4th quarter valued at about $689,000. Illinois Municipal Retirement Fund raised its holdings in Jackson Financial by 73.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 68,827 shares of the company’s stock valued at $5,993,000 after buying an additional 29,043 shares during the period. Finally, IFP Advisors Inc raised its holdings in Jackson Financial by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock valued at $234,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Up 3.3 %

Shares of NYSE:JXN opened at $91.66 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $6.77 billion, a PE ratio of 8.01 and a beta of 1.47. The firm’s 50-day moving average is $90.74 and its two-hundred day moving average is $92.88. Jackson Financial Inc. has a 1 year low of $54.47 and a 1 year high of $115.22.

Jackson Financial (NYSE:JXN) last released its 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. Analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.49%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s dividend payout ratio is presently 27.95%.

Wall Street Analyst Weigh In

JXN has been the topic of several research analyst reports. Evercore ISI lowered shares of 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. Barclays boosted 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. Finally, Keefe, Bruyette & Woods boosted their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Jackson Financial presently has a consensus rating of “Hold” and an average target price of $97.40.

Insider Buying and Selling

In other news, Director Gregory T. Durant bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the purchase, the director now owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.