21,300 Shares in Jackson Financial Inc. (NYSE:JXN) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,300 shares of the company’s stock, valued at approximately $1,855,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Jackson Financial in the fourth quarter valued at about $27,193,000. Victory Capital Management Inc. raised its holdings in Jackson Financial by 196.4% in the 4th quarter. Victory Capital Management Inc. now owns 447,245 shares of the company’s stock valued at $38,946,000 after acquiring an additional 296,367 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Jackson Financial by 6,642.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock worth $19,716,000 after acquiring an additional 223,060 shares during the period. Four Tree Island Advisory LLC acquired a new stake in shares of Jackson Financial during the 4th quarter worth approximately $19,298,000. Finally, Ibex Wealth Advisors bought a new stake in shares of Jackson Financial during the fourth quarter valued at approximately $17,055,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, February 28th. Barclays lifted their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $97.40.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now owns 85,276 shares of the company’s stock, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Stock Down 2.2 %

Shares of NYSE JXN opened at $85.75 on Friday. Jackson Financial Inc. has a 52-week low of $62.81 and a 52-week high of $115.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The business has a fifty day moving average of $89.22 and a two-hundred day moving average of $92.73. The stock has a market cap of $6.23 billion, a PE ratio of 7.49 and a beta of 1.48.

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 the consensus estimate 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. As a group, equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.73%. Jackson Financial’s dividend payout ratio is 27.95%.

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.