Oxbow Advisors LLC Sells 192 Shares of Jackson Financial Inc. (NYSE:JXN)

Oxbow Advisors LLC lowered its stake in Jackson Financial Inc. (NYSE:JXN) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,460 shares of the company’s stock after selling 192 shares during the quarter. Oxbow Advisors LLC’s holdings in Jackson Financial were worth $1,695,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of Jackson Financial by 7.1% in the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after acquiring an additional 118 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Jackson Financial by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock valued at $1,032,000 after acquiring an additional 159 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Jackson Financial by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock valued at $4,416,000 after acquiring an additional 168 shares in the last quarter. Caprock Group LLC increased its stake in shares of Jackson Financial by 4.3% in the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock valued at $367,000 after acquiring an additional 173 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Jackson Financial by 3.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,431 shares of the company’s stock valued at $647,000 after acquiring an additional 234 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

Shares of JXN stock opened at $81.63 on Friday. The firm has a market capitalization of $6.03 billion, a PE ratio of -6.46 and a beta of 1.47. The firm has a fifty day simple moving average of $90.93 and a two-hundred day simple moving average of $92.65. 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 $48.00 and a 12 month high of $115.22.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share (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 analysts’ expectations of $1.81 billion. Analysts forecast that Jackson Financial Inc. will post 18.85 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.92%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s payout ratio is currently 27.95%.

Analyst Upgrades and Downgrades

JXN has been the subject of several research analyst reports. Barclays boosted their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jackson Financial presently has a consensus rating of “Hold” and an average target price of $92.80.

Insiders Place Their Bets

In other news, Director Gregory T. Durant acquired 1,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, with a total value of $135,420.00. Following the acquisition, the director now directly owns 32,023 shares of the company’s stock, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

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.