Jackson Financial Inc. (NYSE:JXN) Stock Holdings Lifted by Aristides Capital LLC

Aristides Capital LLC increased its holdings in Jackson Financial Inc. (NYSE:JXN) by 12.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,483 shares of the company’s stock after buying an additional 810 shares during the period. Aristides Capital LLC’s holdings in Jackson Financial were worth $652,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Jackson Financial in the fourth quarter valued at approximately $98,767,000. Raymond James Financial Inc. acquired a new position in Jackson Financial during the 4th quarter valued at approximately $27,193,000. Victory Capital Management Inc. grew its stake in Jackson Financial by 196.4% during the 4th quarter. Victory Capital Management Inc. now owns 447,245 shares of the company’s stock worth $38,946,000 after buying an additional 296,367 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Jackson Financial by 6,642.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock worth $19,716,000 after buying an additional 223,060 shares during the period. Finally, Four Tree Island Advisory LLC acquired a new position in shares of Jackson Financial during the fourth quarter valued at $19,298,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Down 7.7 %

Jackson Financial stock opened at $70.18 on Friday. Jackson Financial Inc. has a 52 week low of $62.81 and a 52 week high of $115.22. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 6.13 and a beta of 1.49. The company’s 50-day moving average price is $87.63 and its two-hundred day moving average price is $92.73. 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 posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 EPS 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 analyst estimates of $1.81 billion. On average, analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were given a $0.80 dividend. The ex-dividend date was Tuesday, March 11th. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.56%. Jackson Financial’s payout ratio is 27.95%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JXN. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, February 28th. Barclays lifted their price target on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $97.40.

Insider Buying and Selling at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 85,276 shares in the company, valued at $7,199,852.68. The trade was a 7.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.

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.