First Trust Advisors LP Increases Stock Position in Jackson Financial Inc. (NYSE:JXN)

First Trust Advisors LP boosted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,134,545 shares of the company’s stock after buying an additional 487,803 shares during the quarter. First Trust Advisors LP owned approximately 0.06% of Jackson Financial worth $360,036,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of JXN. Empowered Funds LLC purchased a new position in Jackson Financial during the 4th quarter worth $26,000. World Investment Advisors LLC purchased a new position in shares of Jackson Financial during the third quarter worth $31,000. SBI Securities Co. Ltd. purchased a new position in shares of Jackson Financial during the 4th quarter valued at about $44,000. Blue Trust Inc. boosted its position in Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock worth $69,000 after purchasing an additional 426 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Jackson Financial in the 4th quarter valued at $126,000. Institutional investors own 89.96% of the company’s stock.

Insiders Place Their Bets

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $69.52, for a total value of $1,432,598.64. Following the completion of the sale, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. The trade was a 15.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott Romine sold 7,000 shares of the firm’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 directly owns 85,276 shares in the company, valued at $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Jackson Financial Stock Performance

NYSE JXN opened at $72.44 on Friday. The company has a market cap of $5.26 billion, a P/E ratio of 6.33 and a beta of 1.49. Jackson Financial Inc. has a 1-year low of $64.04 and a 1-year high of $115.22. 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 stock has a 50-day moving average of $82.67 and a two-hundred day moving average of $91.25.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were issued a $0.80 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.42%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio is presently 27.95%.

Wall Street Analyst Weigh In

Several analysts have commented on JXN shares. Keefe, Bruyette & Woods dropped their price objective on Jackson Financial from $105.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th. Barclays cut their target price on Jackson Financial from $118.00 to $106.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley decreased their price objective on Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.40.

About Jackson Financial

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.