Tidal Investments LLC Acquires Shares of 18,997 Jackson Financial Inc. (NYSE:JXN)

Tidal Investments LLC acquired a new stake in shares of Jackson Financial Inc. (NYSE:JXN) in the 3rd quarter, HoldingsChannel reports. The firm acquired 18,997 shares of the company’s stock, valued at approximately $1,733,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. acquired a new position in Jackson Financial during the 2nd quarter worth approximately $25,000. World Investment Advisors LLC acquired a new position in Jackson Financial during the 3rd quarter worth approximately $31,000. Blue Trust Inc. increased its position in Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after purchasing an additional 260 shares during the period. Farmers & Merchants Investments Inc. increased its position in Jackson Financial by 2,173.9% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,046 shares of the company’s stock worth $78,000 after purchasing an additional 1,000 shares during the period. Finally, Fifth Third Bancorp increased its position in Jackson Financial by 1,267.8% during the 2nd quarter. Fifth Third Bancorp now owns 1,614 shares of the company’s stock worth $120,000 after purchasing an additional 1,496 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, EVP Carrie Chelko sold 5,500 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the transaction, the executive vice president now owns 61,829 shares of the company’s stock, valued at $5,645,605.99. This represents a 8.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gregory T. Durant purchased 1,500 shares of Jackson Financial stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, the director now owns 32,023 shares in the company, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JXN has been the topic of several recent analyst reports. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their target price for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays boosted their target price on Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and an average price target of $84.00.

Jackson Financial Stock Performance

JXN opened at $90.36 on Wednesday. The stock’s 50 day simple moving average is $100.05 and its 200 day simple moving average is $88.05. The stock has a market cap of $6.67 billion, a P/E ratio of -7.15 and a beta of 1.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a 1-year low of $47.49 and a 1-year high of $115.22.

Jackson Financial (NYSE:JXN) last announced its earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business posted $3.80 EPS. As a group, equities analysts anticipate that Jackson Financial Inc. will post 18.8 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Thursday, December 5th. Jackson Financial’s dividend payout ratio (DPR) is presently -22.15%.

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.