KBC Group NV Has $211,000 Stock Position in Jackson Financial Inc. (NYSE:JXN)

KBC Group NV grew its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 36.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,309 shares of the company’s stock after acquiring an additional 620 shares during the period. KBC Group NV’s holdings in Jackson Financial were worth $211,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Asset Allocation Strategies LLC grew its position in Jackson Financial by 0.6% during the second quarter. Asset Allocation Strategies LLC now owns 18,926 shares of the company’s stock worth $1,405,000 after buying an additional 119 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Jackson Financial by 1.2% in the 2nd quarter. Private Advisor Group LLC now owns 14,962 shares of the company’s stock valued at $1,111,000 after acquiring an additional 178 shares during the last quarter. International Assets Investment Management LLC boosted its position in Jackson Financial by 2.0% during the 2nd quarter. International Assets Investment Management LLC now owns 9,954 shares of the company’s stock worth $739,000 after buying an additional 199 shares during the period. Blue Trust Inc. lifted its holdings in shares of Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after purchasing an additional 260 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of Jackson Financial by 3.0% during the second quarter. QRG Capital Management Inc. now owns 9,089 shares of the company’s stock worth $675,000 after acquiring an additional 264 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

JXN has been the topic of several research analyst reports. Barclays upped their target price on Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price objective for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. Keefe, Bruyette & Woods increased their target price on shares of Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Morgan Stanley lifted their price target on shares of Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group increased their price objective on shares of Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $84.00.

Insiders Place Their Bets

In other Jackson Financial news, EVP Carrie Chelko sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the transaction, the executive vice president now owns 61,829 shares in the company, valued at approximately $5,645,605.99. This represents a 8.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Jackson Financial Trading Down 0.9 %

Shares of Jackson Financial stock opened at $98.54 on Thursday. The company’s 50-day moving average price is $96.95 and its 200-day moving average price is $85.21. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a 12-month low of $45.57 and a 12-month high of $115.22. The company has a market cap of $7.28 billion, a price-to-earnings ratio of -7.80 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business posted $3.80 EPS. On average, equities analysts expect that Jackson Financial Inc. will post 18.8 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Thursday, December 5th. Jackson Financial’s payout ratio is presently -22.15%.

Jackson Financial announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 7th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the company to reacquire up to 10.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.