SG Americas Securities LLC Takes $109,000 Position in Jackson Financial Inc. (NYSE:JXN)

SG Americas Securities LLC acquired a new position in Jackson Financial Inc. (NYSE:JXN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,124 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky bought a new position in shares of Jackson Financial during the third quarter valued at $871,000. Vanguard Group Inc. lifted its stake in Jackson Financial by 16.1% during the 3rd quarter. Vanguard Group Inc. now owns 10,933,228 shares of the company’s stock valued at $417,868,000 after acquiring an additional 1,518,547 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Jackson Financial by 19.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 78,919 shares of the company’s stock valued at $3,016,000 after acquiring an additional 13,121 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Jackson Financial in the third quarter worth approximately $7,644,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Jackson Financial by 18.4% during the third quarter. New York State Common Retirement Fund now owns 90,173 shares of the company’s stock valued at $3,446,000 after purchasing an additional 14,012 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Derek G. Kirkland acquired 3,500 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $55.67 per share, with a total value of $194,845.00. Following the completion of the purchase, the director now directly owns 37,726 shares in the company, valued at approximately $2,100,206.42. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

Jackson Financial Stock Up 1.3 %

NYSE JXN opened at $65.20 on Friday. The stock’s 50-day moving average price is $59.91 and its 200-day moving average price is $50.79. The company has a market capitalization of $5.05 billion, a P/E ratio of 6.65 and a beta of 1.57. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.41. Jackson Financial Inc. has a 52 week low of $26.70 and a 52 week high of $68.97.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, February 21st. The company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($1.00). The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.40 billion. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $5.66 EPS. On average, equities research analysts predict that Jackson Financial Inc. will post 15.95 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 12th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Monday, March 11th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.62. Jackson Financial’s dividend payout ratio is presently 28.54%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Evercore ISI increased their target price on Jackson Financial from $55.00 to $62.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. The Goldman Sachs Group boosted their price target on Jackson Financial from $39.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group restated a “hold” rating and set a $55.00 target price on shares of Jackson Financial in a research report on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.80.

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.