Graham Capital Management L.P. Has $1.09 Million Position in Jackson Financial Inc. (NYSE:JXN)

Graham Capital Management L.P. reduced its position in shares of Jackson Financial Inc. (NYSE:JXN) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,559 shares of the company’s stock after selling 4,347 shares during the period. Graham Capital Management L.P.’s holdings in Jackson Financial were worth $1,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in Jackson Financial during the fourth quarter worth about $26,000. Quarry LP bought a new stake in Jackson Financial during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in Jackson Financial during the fourth quarter worth about $44,000. Blue Trust Inc. raised its holdings in Jackson Financial by 108.1% during the fourth quarter. Blue Trust Inc. now owns 774 shares of the company’s stock worth $71,000 after acquiring an additional 402 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Jackson Financial during the fourth quarter worth about $79,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $89.28 on Wednesday. The firm has a market cap of $6.49 billion, a P/E ratio of 7.80 and a beta of 1.50. 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 Inc. has a 1-year low of $64.70 and a 1-year high of $115.22. The business’s 50 day moving average is $79.38 and its 200-day moving average is $89.09.

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

Jackson Financial Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a yield of 3.58%. Jackson Financial’s dividend payout ratio (DPR) is presently 310.68%.

Insiders Place Their Bets

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $69.52, for a total value of $1,432,598.64. Following the sale, the chief executive officer now owns 116,423 shares of the company’s stock, valued at approximately $8,093,726.96. This trade represents a 15.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Scott Romine sold 7,000 shares of the firm’s stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on Jackson Financial from $90.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday. Barclays upped their price objective on Jackson Financial from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Morgan Stanley dropped their price objective on Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $93.80.

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.