Brookstone Capital Management Invests $214,000 in Jackson Financial Inc. (NYSE:JXN)

Brookstone Capital Management purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,461 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new position in shares of Jackson Financial in the 3rd quarter worth approximately $31,000. Blue Trust Inc. lifted its holdings in 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 acquiring an additional 260 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Jackson Financial in the third quarter valued at about $141,000. GAMMA Investing LLC grew its stake in Jackson Financial by 114.2% in the third quarter. GAMMA Investing LLC now owns 1,660 shares of the company’s stock valued at $151,000 after acquiring an additional 885 shares during the period. Finally, CWM LLC increased its holdings in shares of Jackson Financial by 62.0% in the third quarter. CWM LLC now owns 1,660 shares of the company’s stock worth $151,000 after acquiring an additional 635 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on JXN shares. Barclays lowered their price objective on shares of Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their target price for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have given 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 an average target price of $92.40.

Jackson Financial Stock Up 0.1 %

JXN stock opened at $92.50 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $94.19 and a two-hundred day moving average price of $90.66. Jackson Financial Inc. has a twelve month low of $48.00 and a twelve month high of $115.22. The company has a market cap of $6.83 billion, a price-to-earnings ratio of -7.32 and a beta of 1.46.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the company earned $3.80 EPS. Analysts anticipate that Jackson Financial Inc. will post 18.77 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.03%. The ex-dividend date was Thursday, December 5th. Jackson Financial’s payout ratio is -22.15%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the purchase, the director now directly owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

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.