Ethic Inc. Invests $455,000 in Jackson Financial Inc. (NYSE:JXN)

Ethic Inc. acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,229 shares of the company’s stock, valued at approximately $455,000.

Other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of Jackson Financial during the fourth quarter worth about $26,000. Quarry LP bought a new position in shares of Jackson Financial during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in shares of Jackson Financial during the fourth quarter worth about $44,000. Blue Trust Inc. raised its position 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 acquiring an additional 426 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Jackson Financial during the fourth quarter worth about $79,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays raised their price objective on Jackson Financial from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods lifted 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. Finally, Morgan Stanley lowered their target price on Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $93.80.

Jackson Financial Trading Down 1.2%

Shares of JXN stock opened at $85.18 on Friday. The company has a market cap of $6.19 billion, a P/E ratio of 7.44 and a beta of 1.50. The stock has a 50 day simple moving average of $79.61 and a two-hundred day simple moving average of $88.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22.

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

Jackson Financial Announces Dividend

The company 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 $0.80 dividend. 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 3.76%. Jackson Financial’s dividend payout ratio (DPR) is presently 310.68%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the firm’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the chief executive officer now directly owns 85,276 shares of the company’s stock, valued at $7,199,852.68. This trade represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

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.