7,018 Shares in Jackson Financial Inc. (NYSE:JXN) Bought by Cibc World Markets Corp

Cibc World Markets Corp bought a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,018 shares of the company’s stock, valued at approximately $611,000.

A number of other hedge funds have also bought and sold shares of JXN. Empowered Funds LLC bought a new position in Jackson Financial during the fourth quarter worth $26,000. World Investment Advisors LLC bought a new position in Jackson Financial during the third quarter worth $31,000. SBI Securities Co. Ltd. bought a new position in Jackson Financial during the fourth quarter worth $44,000. Blue Trust Inc. raised its stake in Jackson Financial by 114.5% during the fourth quarter. Blue Trust Inc. now owns 798 shares of the company’s stock worth $69,000 after buying an additional 426 shares during the last quarter. Finally, R Squared Ltd bought a new position in Jackson Financial during the fourth quarter worth $126,000. Institutional investors own 89.96% of the company’s stock.

Insider Activity

In related news, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

JXN has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, February 28th. Barclays lifted 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, February 20th. One 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, the company currently has an average rating of “Hold” and an average price target of $97.40.

Jackson Financial Stock Up 1.2 %

Shares of NYSE JXN opened at $85.31 on Friday. The stock has a market capitalization of $6.20 billion, a P/E ratio of 7.45 and a beta of 1.48. The company has a 50-day moving average price of $89.38 and a 200-day moving average price of $92.67. Jackson Financial Inc. has a 1 year low of $62.81 and a 1 year high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30.

Jackson Financial (NYSE:JXN) last issued 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 firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. On average, equities research analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were issued 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 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

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.