Colonial River Investments LLC Has $1.57 Million Position in Jackson Financial Inc. (NYSE:JXN)

Colonial River Investments LLC boosted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,075 shares of the company’s stock after buying an additional 220 shares during the period. Colonial River Investments LLC’s holdings in Jackson Financial were worth $1,574,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd boosted its stake in Jackson Financial by 300.0% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company’s stock worth $1,460,000 after buying an additional 12,000 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Jackson Financial during the third quarter worth $897,000. Assetmark Inc. boosted its stake in Jackson Financial by 7.9% during the third quarter. Assetmark Inc. now owns 91,641 shares of the company’s stock worth $8,360,000 after buying an additional 6,724 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Jackson Financial during the third quarter worth $31,000. Finally, Centaurus Financial Inc. boosted its stake in Jackson Financial by 135.1% during the third quarter. Centaurus Financial Inc. now owns 10,169 shares of the company’s stock worth $928,000 after buying an additional 5,844 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on JXN. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price target for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. Barclays boosted their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday. One 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $92.80.

Insider Activity at Jackson Financial

In other news, Director Gregory T. Durant acquired 1,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $90.28 per share, with a total value of $135,420.00. Following the acquisition, the director now owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Jackson Financial Stock Down 4.4 %

Shares of NYSE:JXN opened at $81.63 on Monday. The company’s fifty day moving average is $90.93 and its 200-day moving average is $92.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a 52 week low of $48.00 and a 52 week high of $115.22. The company has a market capitalization of $6.03 billion, a PE ratio of 7.13 and a beta of 1.47.

Jackson Financial (NYSE:JXN) last released 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 company had revenue of $1.81 billion during 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 firm 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 $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.92%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s payout ratio is currently 24.45%.

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.