Fox Run Management L.L.C. Boosts Stock Position in Jackson Financial Inc. (NYSE:JXN)

Fox Run Management L.L.C. raised its position in Jackson Financial Inc. (NYSE:JXN) by 96.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,114 shares of the company’s stock after buying an additional 5,446 shares during the period. Fox Run Management L.L.C.’s holdings in Jackson Financial were worth $968,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Empowered Funds LLC acquired a new position in Jackson Financial in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new stake in Jackson Financial in the fourth quarter valued at approximately $44,000. Blue Trust Inc. increased its position 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 purchasing an additional 402 shares during the last quarter. R Squared Ltd purchased a new position in Jackson Financial during the fourth quarter worth approximately $126,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Jackson Financial by 7.1% in the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after purchasing an additional 118 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Scott Romine sold 7,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction 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 $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Jackson Financial Trading Up 1.2 %

Shares of JXN opened at $85.31 on Friday. Jackson Financial Inc. has a 12 month low of $62.81 and a 12 month high of $115.22. The stock’s 50-day moving average is $89.38 and its two-hundred day moving average is $92.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $6.20 billion, a PE ratio of 7.45 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last released its quarterly 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 company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Equities analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.75%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is presently 27.95%.

Analysts Set New Price Targets

Several brokerages recently weighed in on JXN. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, February 28th. Barclays raised their price objective on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. One 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $97.40.

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.