Jackson Creek Investment Advisors LLC Invests $1.27 Million in Jackson Financial Inc. (NYSE:JXN)

Jackson Creek Investment Advisors LLC bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 14,524 shares of the company’s stock, valued at approximately $1,265,000.

A number of other institutional investors have also recently made changes to their positions in JXN. Empowered Funds LLC purchased a new stake in Jackson Financial during the fourth quarter valued at approximately $26,000. World Investment Advisors LLC bought a new position in shares of Jackson Financial during the 3rd quarter valued at approximately $31,000. SBI Securities Co. Ltd. purchased a new stake in Jackson Financial during the 4th quarter valued at $44,000. Blue Trust Inc. lifted its position in Jackson Financial by 114.5% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the company’s stock worth $69,000 after buying an additional 426 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Jackson Financial during the fourth quarter worth $126,000. Institutional investors own 89.96% of the company’s stock.

Insider Transactions at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the purchase, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Trading Up 1.7 %

Shares of JXN opened at $84.73 on Friday. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 7.40 and a beta of 1.48. 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 1-year low of $58.02 and a 1-year high of $115.22. The company has a 50-day moving average of $90.46 and a 200 day moving average of $92.90.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share 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 analysts’ expectations of $1.81 billion. On average, research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.80 per share. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.78%. Jackson Financial’s dividend payout ratio is presently 27.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JXN. Barclays increased their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, February 28th. One investment 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $97.40.

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.