Vinva Investment Management Ltd Invests $296,000 in Jackson Financial Inc. (NYSE:JXN)

Vinva Investment Management Ltd purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,395 shares of the company’s stock, valued at approximately $296,000.

Other large investors also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Jackson Financial by 300.0% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company’s stock worth $1,460,000 after buying an additional 12,000 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Jackson Financial during the fourth quarter worth approximately $1,160,000. World Investment Advisors LLC acquired a new position in shares of Jackson Financial during the third quarter worth approximately $31,000. Centaurus Financial Inc. lifted its holdings in shares of Jackson Financial by 135.1% during the third quarter. Centaurus Financial Inc. now owns 10,169 shares of the company’s stock worth $928,000 after buying an additional 5,844 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Jackson Financial by 43.3% during the third quarter. Stifel Financial Corp now owns 47,564 shares of the company’s stock worth $4,340,000 after buying an additional 14,364 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

Shares of NYSE:JXN opened at $85.31 on Friday. The business’s fifty day moving average price is $89.38 and its two-hundred day moving average price is $92.62. Jackson Financial Inc. has a fifty-two week low of $62.81 and a fifty-two week high of $115.22. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 7.45 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 (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. As a group, analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.75%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, March 11th. Jackson Financial’s dividend payout ratio is 27.95%.

Wall Street Analysts Forecast Growth

JXN has been the subject of a number of recent research reports. Barclays upped 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 target price on 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 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, Jackson Financial currently has an average rating of “Hold” and an average price target of $97.40.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 85,276 shares in the company, valued at $7,199,852.68. This represents a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% 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.