Martingale Asset Management L P Has $1.77 Million Position in Jackson Financial Inc. (NYSE:JXN)

Martingale Asset Management L P increased its holdings in Jackson Financial Inc. (NYSE:JXN) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,310 shares of the company’s stock after purchasing an additional 2,392 shares during the period. Martingale Asset Management L P’s holdings in Jackson Financial were worth $1,769,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JXN. GAMMA Investing LLC boosted its stake 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 in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Jackson Financial by 0.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock valued at $4,416,000 after purchasing an additional 168 shares during the last quarter. Caprock Group LLC boosted its position in Jackson Financial by 4.3% in the fourth quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock valued at $367,000 after buying an additional 173 shares in the last quarter. IFP Advisors Inc grew its stake in Jackson Financial by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock worth $234,000 after buying an additional 180 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Jackson Financial by 1.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 18,048 shares of the company’s stock worth $1,572,000 after buying an additional 193 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

Shares of Jackson Financial stock opened at $71.88 on Friday. The firm has a 50 day simple moving average of $84.68 and a 200 day simple moving average of $91.89. Jackson Financial Inc. has a fifty-two week low of $62.81 and a fifty-two week high of $115.22. 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 firm has a market cap of $5.22 billion, a P/E ratio of 6.28 and a beta of 1.49.

Jackson Financial (NYSE:JXN) last released its 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 firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Sell-side 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 given a dividend of $0.80 per share. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 4.45%. Jackson Financial’s payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JXN. Morgan Stanley reduced their target price on Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods reduced their price objective on Jackson Financial from $105.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, Barclays decreased their target price on Jackson Financial from $118.00 to $106.00 and set an “overweight” rating on the stock in a report on Friday. One 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, the stock presently has a consensus rating of “Hold” and an average target price of $91.40.

Insiders Place Their Bets

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 116,423 shares of the company’s stock, valued at approximately $8,093,726.96. The trade was a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Romine sold 7,000 shares of the business’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 transaction, the chief executive officer now owns 85,276 shares of the company’s stock, valued at $7,199,852.68. This represents a 7.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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.