Jackson Financial Inc. (NYSE:JXN) Position Reduced by Kendall Capital Management

Kendall Capital Management trimmed its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,540 shares of the company’s stock after selling 1,137 shares during the quarter. Jackson Financial makes up 1.3% of Kendall Capital Management’s portfolio, making the stock its 19th biggest position. Kendall Capital Management’s holdings in Jackson Financial were worth $4,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in Jackson Financial during the 4th quarter valued at $26,000. World Investment Advisors LLC bought a new position in shares of Jackson Financial in the 3rd quarter worth about $31,000. SBI Securities Co. Ltd. bought a new position in shares of Jackson Financial in the 4th quarter worth about $44,000. Blue Trust Inc. lifted its position in shares of Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock worth $69,000 after buying an additional 426 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Jackson Financial in the 4th quarter worth about $126,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and raised their price target for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays raised their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, February 28th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $97.40.

Jackson Financial Stock Up 1.7 %

JXN stock opened at $84.73 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a fifty-two week low of $58.02 and a fifty-two week high of $115.22. The firm’s 50-day simple moving average is $90.46 and its 200 day simple moving average is $92.96. The stock has a market cap of $6.26 billion, a PE ratio of 7.40 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, sell-side analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.20 annualized dividend and a yield of 3.78%. Jackson Financial’s dividend payout ratio (DPR) is presently 27.95%.

Insider Buying and Selling at Jackson Financial

In related news, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $90.28 per share, with a total value 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 represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Jackson Financial 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.