Handelsbanken Fonder AB Raises Holdings in Jackson Financial Inc. (NYSE:JXN)

Handelsbanken Fonder AB lifted its holdings in Jackson Financial Inc. (NYSE:JXN) by 69.8% in the fourth quarter, HoldingsChannel reports. The firm owned 21,900 shares of the company’s stock after purchasing an additional 9,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Jackson Financial were worth $1,907,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd boosted its position in shares of Jackson Financial by 300.0% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company’s stock valued at $1,460,000 after buying an additional 12,000 shares during the period. CWA Asset Management Group LLC purchased a new stake in Jackson Financial in the third quarter worth $897,000. Assetmark Inc. lifted its position in shares of Jackson Financial by 7.9% during the third quarter. Assetmark Inc. now owns 91,641 shares of the company’s stock worth $8,360,000 after purchasing an additional 6,724 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Jackson Financial during the third quarter valued at $31,000. Finally, Centaurus Financial Inc. grew its holdings in shares of Jackson Financial by 135.1% in the third quarter. Centaurus Financial Inc. now owns 10,169 shares of the company’s stock worth $928,000 after purchasing an additional 5,844 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JXN has been the topic of several research reports. Barclays raised their price objective on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price objective for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.80.

Jackson Financial Stock Up 1.8 %

NYSE:JXN opened at $85.09 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $6.28 billion, a P/E ratio of 7.43 and a beta of 1.47. The company’s 50-day simple moving average is $90.76 and its 200-day simple moving average is $92.93. Jackson Financial Inc. has a fifty-two week low of $51.59 and a fifty-two week high of $115.22.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. On average, equities analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share 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. Stockholders of record on Tuesday, March 11th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.76%. Jackson Financial’s dividend payout ratio is currently 27.95%.

Insider Transactions at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price 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 $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% 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.