BNP Paribas Financial Markets Makes New $8.28 Million Investment in Jackson Financial Inc. (NYSE:JXN)

BNP Paribas Financial Markets bought a new position in Jackson Financial Inc. (NYSE:JXN) in the fourth quarter, HoldingsChannel reports. The fund bought 95,107 shares of the company’s stock, valued at approximately $8,282,000.

A number of other hedge funds have also bought and sold shares of JXN. Empowered Funds LLC purchased a new position in Jackson Financial in the 4th quarter worth about $26,000. Quarry LP purchased a new position in Jackson Financial in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Jackson Financial during the 4th quarter valued at about $44,000. Blue Trust Inc. grew its stake in shares of Jackson Financial by 114.5% during 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, Kapitalo Investimentos Ltda purchased a new stake in shares of Jackson Financial during the 4th quarter valued at about $79,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Price Performance

NYSE JXN opened at $84.37 on Monday. The company has a 50-day moving average price of $79.39 and a 200-day moving average price of $89.16. The firm has a market capitalization of $6.13 billion, a P/E ratio of 7.37 and a beta of 1.50. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.93 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $1.80 billion. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.23 earnings per share. Equities research analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.79%. The ex-dividend date is Thursday, June 12th. Jackson Financial’s dividend payout ratio is 310.68%.

Insider Buying and Selling

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the sale, the chief executive officer now directly owns 116,423 shares of the company’s stock, valued at $8,093,726.96. This trade represents a 15.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Scott Romine sold 7,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the sale, the chief executive officer now directly owns 85,276 shares of the company’s stock, valued at approximately $7,199,852.68. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JXN shares. Barclays upped their price target on shares of Jackson Financial from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods reduced their price target on shares of Jackson Financial from $105.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley reduced their price target on shares of Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. One research 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. Based on data from MarketBeat, Jackson Financial has a consensus rating of “Hold” and a consensus price target of $91.80.

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.