Aristides Capital LLC Has $652,000 Holdings in Jackson Financial Inc. (NYSE:JXN)

Aristides Capital LLC grew its position in Jackson Financial Inc. (NYSE:JXN) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,483 shares of the company’s stock after buying an additional 810 shares during the quarter. Aristides Capital LLC’s holdings in Jackson Financial were worth $652,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC acquired a new position in Jackson Financial in the 4th quarter worth approximately $26,000. World Investment Advisors LLC acquired a new stake in shares of Jackson Financial in the third quarter worth $31,000. SBI Securities Co. Ltd. purchased a new position in shares of Jackson Financial during the fourth quarter valued at $44,000. Blue Trust Inc. raised its position in Jackson Financial by 114.5% during the fourth quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after buying an additional 426 shares during the period. Finally, R Squared Ltd purchased a new stake in Jackson Financial in the 4th quarter worth about $126,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was 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. The trade was a 7.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays lifted their target price on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods upped their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Jackson Financial currently has a consensus rating of “Hold” and an average price target of $97.40.

Jackson Financial Stock Performance

Shares of JXN stock opened at $70.18 on Friday. The firm has a market cap of $5.10 billion, a P/E ratio of 6.13 and a beta of 1.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a fifty-two week low of $62.81 and a fifty-two week high of $115.22. The stock’s 50-day moving average is $87.63 and its two-hundred day moving average is $92.73.

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

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.56%. 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%.

Jackson Financial Company 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.