Jackson Financial Inc. (NYSE:JXN) Director Gregory T. Durant Acquires 1,500 Shares

Jackson Financial Inc. (NYSE:JXN) Director Gregory T. Durant bought 1,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the purchase, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jackson Financial Stock Performance

Shares of NYSE:JXN opened at $91.47 on Friday. The firm has a 50 day moving average of $100.13 and a 200 day moving average of $87.77. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of -7.24 and a beta of 1.42. Jackson Financial Inc. has a 52 week low of $47.49 and a 52 week high of $115.22.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm posted $3.80 earnings per share. On average, sell-side analysts predict that Jackson Financial Inc. will post 18.8 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Thursday, December 5th. Jackson Financial’s payout ratio is -22.15%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Advisors LLC lifted its position in Jackson Financial by 11.7% during the first quarter. Cetera Advisors LLC now owns 5,503 shares of the company’s stock valued at $364,000 after acquiring an additional 576 shares during the last quarter. CWM LLC increased its position in shares of Jackson Financial by 80.5% during the second quarter. CWM LLC now owns 1,025 shares of the company’s stock worth $76,000 after purchasing an additional 457 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Jackson Financial by 371.3% during the 2nd quarter. SG Americas Securities LLC now owns 17,495 shares of the company’s stock valued at $1,299,000 after purchasing an additional 13,783 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Jackson Financial in the 2nd quarter worth $271,000. Finally, Raymond James & Associates grew its stake in Jackson Financial by 496.9% during the 2nd quarter. Raymond James & Associates now owns 278,071 shares of the company’s stock worth $20,650,000 after buying an additional 231,489 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on JXN shares. Morgan Stanley boosted their price target on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Barclays upped their target price on Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and raised their price target for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $84.00.

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.