Forum Financial Management LP Has $300,000 Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Forum Financial Management LP grew its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 27.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,447 shares of the company’s stock after buying an additional 752 shares during the quarter. Forum Financial Management LP’s holdings in Jackson Financial were worth $300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Jackson Financial in the 4th quarter valued at about $98,767,000. Raymond James Financial Inc. bought a new position in Jackson Financial in the 4th quarter valued at about $27,193,000. Victory Capital Management Inc. boosted its holdings in shares of Jackson Financial by 196.4% during the fourth quarter. Victory Capital Management Inc. now owns 447,245 shares of the company’s stock worth $38,946,000 after acquiring an additional 296,367 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Jackson Financial by 6,642.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock valued at $19,716,000 after purchasing an additional 223,060 shares during the last quarter. Finally, Four Tree Island Advisory LLC acquired a new stake in Jackson Financial during the 4th quarter worth approximately $19,298,000. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JXN shares. Morgan Stanley lowered their price objective on 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. Barclays lowered their target price on shares of Jackson Financial from $118.00 to $106.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their price target on 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Jackson Financial currently has an average rating of “Hold” and a consensus price target of $91.40.

Insiders Place Their Bets

In related news, 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 directly owns 85,276 shares in the company, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of the company’s 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Jackson Financial Trading Down 2.7 %

Shares of JXN stock opened at $70.57 on Tuesday. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The stock’s fifty day moving average price is $82.25 and its two-hundred day moving average price is $91.06. 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 company has a market cap of $5.13 billion, a PE ratio of 6.16 and a beta of 1.49.

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

Jackson Financial Increases Dividend

The business 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 4.53%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

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.