Counterpoint Mutual Funds LLC Acquires 2,917 Shares of Jackson Financial Inc. (NYSE:JXN)

Counterpoint Mutual Funds LLC boosted its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 58.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,918 shares of the company’s stock after purchasing an additional 2,917 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Jackson Financial were worth $689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in shares of Jackson Financial during the 4th quarter worth about $26,000. World Investment Advisors LLC bought a new stake in shares of Jackson Financial during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Jackson Financial in the fourth quarter valued at approximately $44,000. Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 426 shares during the period. Finally, R Squared Ltd acquired a new stake in Jackson Financial during the 4th quarter worth approximately $126,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Jackson Financial Stock Up 4.4 %

Shares of NYSE JXN opened at $82.84 on Monday. Jackson Financial Inc. has a 52 week low of $60.99 and a 52 week high of $115.22. The stock’s fifty day moving average is $89.81 and its 200 day moving average is $92.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $6.02 billion, a P/E ratio of 7.24 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Sell-side 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 will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Tuesday, March 11th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

Insider Activity

In other news, CEO Scott Romine sold 7,000 shares of the firm’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 sale, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This trade represents a 7.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

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.