Jackson Financial Inc. (NYSE:JXN) Shares Purchased by Ariadne Wealth Management LP

Ariadne Wealth Management LP increased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,370 shares of the company’s stock after purchasing an additional 842 shares during the quarter. Ariadne Wealth Management LP’s holdings in Jackson Financial were worth $406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd raised its stake in shares of Jackson Financial by 300.0% during the 3rd 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 last quarter. Proficio Capital Partners LLC purchased a new stake in Jackson Financial in the 4th quarter worth approximately $1,160,000. World Investment Advisors LLC purchased a new stake in Jackson Financial in the 3rd quarter worth approximately $31,000. Centaurus Financial Inc. grew its stake in shares of Jackson Financial by 135.1% during the 3rd 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 period. Finally, Stifel Financial Corp increased its holdings in shares of Jackson Financial by 43.3% during the 3rd quarter. Stifel Financial Corp now owns 47,564 shares of the company’s stock valued at $4,340,000 after purchasing an additional 14,364 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JXN. Keefe, Bruyette & Woods increased their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, February 28th. Barclays raised their price objective on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $97.40.

Jackson Financial Stock Up 3.5 %

JXN stock opened at $88.57 on Tuesday. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 7.74 and a beta of 1.48. The firm has a 50-day moving average of $89.44 and a two-hundred day moving average of $92.76. Jackson Financial Inc. has a 12 month low of $62.81 and a 12 month high of $115.22. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. As a group, analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were given a $0.80 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 3.61%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s payout ratio is currently 27.95%.

Insider Activity

In other news, CEO Scott Romine sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total value 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. This represents a 7.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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.