Kera Capital Partners Inc. Invests $6.50 Million in Jackson Financial Inc. (NYSE:JXN)

Kera Capital Partners Inc. acquired a new position in Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 74,642 shares of the company’s stock, valued at approximately $6,500,000. Jackson Financial makes up about 1.9% of Kera Capital Partners Inc.’s investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds have also added to or reduced their stakes in JXN. Wealthcare Advisory Partners LLC boosted its position in Jackson Financial by 79.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 13,930 shares of the company’s stock valued at $1,213,000 after purchasing an additional 6,188 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Jackson Financial by 7.1% during the 4th quarter. Ritholtz Wealth Management now owns 19,092 shares of the company’s stock worth $1,662,000 after purchasing an additional 1,270 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Jackson Financial by 586.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 180,253 shares of the company’s stock valued at $15,696,000 after buying an additional 153,992 shares during the last quarter. Brookstone Capital Management bought a new position in shares of Jackson Financial in the fourth quarter valued at $214,000. Finally, CWA Asset Management Group LLC increased its holdings in Jackson Financial by 21.0% during the fourth quarter. CWA Asset Management Group LLC now owns 11,898 shares of the company’s stock worth $1,036,000 after buying an additional 2,069 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, the director now directly owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on JXN. Barclays decreased their price objective on shares of Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Jackson Financial presently has a consensus rating of “Hold” and an average target price of $92.40.

Jackson Financial Stock Up 0.1 %

JXN stock opened at $92.50 on Friday. The company has a fifty day moving average price of $94.19 and a two-hundred day moving average price of $90.55. Jackson Financial Inc. has a one year low of $48.00 and a one year high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

Jackson Financial (NYSE:JXN) last announced its 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 company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the firm earned $3.80 earnings per share. Equities analysts anticipate that Jackson Financial Inc. will post 18.77 earnings per share for the current year.

Jackson Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.70 per share. The ex-dividend date was Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. Jackson Financial’s dividend payout ratio (DPR) is currently -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.