AlphaQuest LLC Sells 2,456 Shares of Jackson Financial Inc. (NYSE:JXN)

AlphaQuest LLC decreased its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 43.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,165 shares of the company’s stock after selling 2,456 shares during the quarter. AlphaQuest LLC’s holdings in Jackson Financial were worth $276,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in JXN. Empowered Funds LLC bought a new stake in Jackson Financial in the 4th quarter valued at $26,000. World Investment Advisors LLC acquired a new position in Jackson Financial in the third quarter worth about $31,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial during the fourth quarter worth about $44,000. Blue Trust Inc. grew its stake in shares of Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after purchasing an additional 426 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Jackson Financial in the 4th quarter worth approximately $126,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Price Performance

Jackson Financial stock opened at $82.84 on Friday. The business’s fifty day moving average is $89.81 and its two-hundred day moving average is $92.81. 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 firm has a market cap of $6.02 billion, a P/E ratio of 7.24 and a beta of 1.48. Jackson Financial Inc. has a 52 week low of $60.99 and a 52 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 the consensus estimate of $4.72 by ($0.07). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Equities research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s dividend payout ratio is 27.95%.

Insider Activity at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was 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 in the company, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on JXN shares. Keefe, Bruyette & Woods upped their price target on Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research report on Friday, February 28th. Barclays increased their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $97.40.

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.