Aquatic Capital Management LLC Makes New $2.12 Million Investment in Jackson Financial Inc. (NYSE:JXN)

Aquatic Capital Management LLC purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 24,388 shares of the company’s stock, valued at approximately $2,124,000.

Several other hedge funds have also recently added to or reduced their stakes in JXN. Empowered Funds LLC bought a new stake in shares of Jackson Financial in the 4th quarter valued at $26,000. World Investment Advisors LLC bought a new stake in shares of Jackson Financial in the 3rd quarter valued at $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Jackson Financial in the 4th quarter valued at $44,000. Blue Trust Inc. increased its stake in shares of Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after acquiring an additional 426 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Jackson Financial in the 4th quarter valued at $126,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

Shares of JXN stock opened at $77.91 on Tuesday. The firm has a market capitalization of $5.66 billion, a PE ratio of 6.80 and a beta of 1.49. The firm has a fifty day simple moving average of $80.26 and a two-hundred day simple moving average of $90.28. 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 Inc. has a 12 month low of $64.70 and a 12 month high of $115.22.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.11%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, March 11th. Jackson Financial’s payout ratio is currently 27.95%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction on Friday, March 7th. The shares were 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 of the company’s stock, valued at $7,199,852.68. The trade was a 7.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief executive officer now directly owns 116,423 shares in the company, valued at $8,093,726.96. This represents a 15.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

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.