18,998 Shares in Jackson Financial Inc. (NYSE:JXN) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new position in Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, HoldingsChannel reports. The firm purchased 18,998 shares of the company’s stock, valued at approximately $1,654,000.

Several other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its position in Jackson Financial by 4.9% in the 3rd quarter. State Street Corp now owns 3,266,981 shares of the company’s stock worth $298,047,000 after buying an additional 153,326 shares during the period. Geode Capital Management LLC increased its position in Jackson Financial by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock worth $194,187,000 after buying an additional 144,530 shares during the period. Charles Schwab Investment Management Inc. increased its position in Jackson Financial by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company’s stock worth $93,980,000 after buying an additional 28,337 shares during the period. Victory Capital Management Inc. increased its position in Jackson Financial by 196.4% in the 4th quarter. Victory Capital Management Inc. now owns 447,245 shares of the company’s stock worth $38,946,000 after buying an additional 296,367 shares during the period. Finally, Principal Financial Group Inc. increased its position in Jackson Financial by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 417,984 shares of the company’s stock worth $36,398,000 after buying an additional 10,880 shares during the period. 89.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the sale, the chief executive officer now directly owns 85,276 shares in the company, valued at $7,199,852.68. This represents a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays lifted their price target on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $103.00 to $105.00 and gave the company 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 given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $97.40.

Jackson Financial Stock Performance

JXN opened at $82.84 on Friday. The stock has a market cap of $6.02 billion, a PE ratio of 7.24 and a beta of 1.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 1 year low of $60.99 and a 1 year high of $115.22. The stock’s 50 day simple moving average is $89.81 and its 200-day simple moving average is $92.76.

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

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.86%. 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. Jackson Financial’s dividend payout ratio is 27.95%.

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.