Oregon Public Employees Retirement Fund Has $1.51 Million Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Oregon Public Employees Retirement Fund cut its position in shares of Jackson Financial Inc. (NYSE:JXN) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,363 shares of the company’s stock after selling 346 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Jackson Financial were worth $1,512,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JXN. State Street Corp boosted its holdings in Jackson Financial by 4.9% during the third quarter. State Street Corp now owns 3,266,981 shares of the company’s stock valued at $298,047,000 after purchasing an additional 153,326 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Jackson Financial by 7.4% during the third quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock valued at $194,187,000 after purchasing an additional 144,530 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Jackson Financial by 40.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock valued at $95,874,000 after purchasing an additional 300,520 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Jackson Financial by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 417,984 shares of the company’s stock valued at $36,398,000 after purchasing an additional 10,880 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in Jackson Financial by 27.4% during the fourth quarter. Vest Financial LLC now owns 395,365 shares of the company’s stock valued at $34,428,000 after purchasing an additional 84,999 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

JXN stock opened at $91.66 on Friday. 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 company has a 50 day moving average price of $90.74 and a 200 day moving average price of $92.88. Jackson Financial Inc. has a fifty-two week low of $54.47 and a fifty-two week high of $115.22. The stock has a market capitalization of $6.77 billion, a PE ratio of 8.01 and a beta of 1.47.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.07). The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.49%. The ex-dividend date is Tuesday, March 11th. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s payout ratio is 27.95%.

Insider Buying and Selling

In related news, Director Gregory T. Durant acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the transaction, the director now directly owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JXN. Keefe, Bruyette & Woods lifted their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday. Barclays lifted their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $97.40.

Jackson Financial Company 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.