Jackson Financial Inc. (NYSE:JXN) Shares Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC lifted its position in Jackson Financial Inc. (NYSE:JXN) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,621 shares of the company’s stock after purchasing an additional 4,204 shares during the period. Lighthouse Investment Partners LLC’s holdings in Jackson Financial were worth $8,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in shares of Jackson Financial in the 4th quarter valued at $26,000. Quarry LP acquired a new position in Jackson Financial during the fourth quarter worth $28,000. SBI Securities Co. Ltd. acquired a new position in Jackson Financial during the fourth quarter worth $44,000. Blue Trust Inc. raised its position in Jackson Financial by 108.1% during the fourth quarter. Blue Trust Inc. now owns 774 shares of the company’s stock worth $71,000 after acquiring an additional 402 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in Jackson Financial during the fourth quarter worth $79,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods reduced 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 report on Wednesday, April 9th. Morgan Stanley reduced 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 report on Thursday, April 10th. Finally, Barclays upped their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $91.80.

Insider Activity at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, the chief executive officer now owns 85,276 shares of the company’s stock, valued at $7,199,852.68. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Craig Donald Smith sold 20,607 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the transaction, the chief executive officer now directly owns 116,423 shares in the company, valued at $8,093,726.96. The trade was 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 insiders.

Jackson Financial Price Performance

Jackson Financial stock opened at $84.37 on Monday. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 7.37 and a beta of 1.50. The company has a fifty day simple moving average of $79.39 and a 200-day simple moving average of $89.16. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.93 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the company posted $4.23 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Thursday, June 12th. Jackson Financial’s dividend payout ratio is currently 310.68%.

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.