Jackson Financial Inc. (NYSE:JXN) Shares Purchased by RFG Advisory LLC

RFG Advisory LLC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,924 shares of the company’s stock after buying an additional 226 shares during the quarter. RFG Advisory LLC’s holdings in Jackson Financial were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in shares of Jackson Financial during the 1st quarter worth about $37,000. Summit Global Investments increased its position in Jackson Financial by 13.8% during the first quarter. Summit Global Investments now owns 13,605 shares of the company’s stock worth $1,140,000 after purchasing an additional 1,645 shares during the last quarter. GAMMA Investing LLC increased its position in Jackson Financial by 9,833.0% during the first quarter. GAMMA Investing LLC now owns 176,608 shares of the company’s stock worth $14,796,000 after purchasing an additional 174,830 shares during the last quarter. Versant Capital Management Inc raised its stake in Jackson Financial by 161.9% during the first quarter. Versant Capital Management Inc now owns 550 shares of the company’s stock worth $46,000 after purchasing an additional 340 shares during the period. Finally, Centaurus Financial Inc. boosted its holdings in shares of Jackson Financial by 4.4% in the 4th quarter. Centaurus Financial Inc. now owns 10,621 shares of the company’s stock valued at $925,000 after purchasing an additional 452 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

NYSE:JXN opened at $82.63 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 7.22 and a beta of 1.47. The firm’s fifty day simple moving average is $79.26 and its 200 day simple moving average is $86.84. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.93 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $1.80 billion. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business earned $4.23 earnings per share. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.87%. Jackson Financial’s payout ratio is currently 310.68%.

Analyst Ratings Changes

A number of analysts have recently commented on JXN shares. Morgan Stanley set a $91.00 price objective on Jackson Financial and gave the stock an “equal weight” rating in a report on Monday, May 19th. Barclays upped their price target on Jackson Financial from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $90.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, May 13th. One investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $94.80.

Insider Buying and Selling

In other news, CEO Scott Romine sold 7,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction on Monday, April 7th. The stock was sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the sale, the chief executive officer now directly owns 116,423 shares in the company, valued at $8,093,726.96. This trade represents a 15.04% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently 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.