Lighthouse Investment Partners LLC Boosts Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Lighthouse Investment Partners LLC raised its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 4.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 102,621 shares of the company’s stock after purchasing an additional 4,204 shares during the period. Lighthouse Investment Partners LLC owned 0.14% of Jackson Financial worth $8,936,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC purchased a new position in shares of Jackson Financial in the 4th quarter worth approximately $26,000. Quarry LP purchased a new position in shares of Jackson Financial in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Jackson Financial in the 4th quarter worth approximately $44,000. Blue Trust Inc. grew its position in shares of Jackson Financial by 108.1% in the 4th quarter. Blue Trust Inc. now owns 774 shares of the company’s stock worth $71,000 after buying an additional 402 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Jackson Financial in the 4th quarter worth approximately $79,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Down 0.6%

JXN stock opened at $84.37 on Monday. The firm has a 50 day moving average of $79.39 and a 200 day moving average of $89.16. The stock has a market capitalization of $6.13 billion, a PE ratio of 7.37 and a beta of 1.50. 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 Inc. has a 52 week low of $64.70 and a 52 week high of $115.22.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.93 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $4.23 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

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

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial 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 in the company, valued at approximately $8,093,726.96. The trade was a 15.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Scott Romine sold 7,000 shares of Jackson Financial 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 owns 85,276 shares of the company’s stock, valued at approximately $7,199,852.68. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

JXN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Jackson Financial from $105.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 9th. Barclays lifted their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley cut their price objective on shares of Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating on the stock 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $91.80.

Jackson Financial 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.