Forvis Mazars Wealth Advisors LLC Takes $203,000 Position in Jackson Financial Inc. (NYSE:JXN)

Forvis Mazars Wealth Advisors LLC bought a new stake in Jackson Financial Inc. (NYSE:JXN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,328 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in shares of Jackson Financial in the 4th quarter valued at approximately $26,000. Blue Trust Inc. raised its position in shares of Jackson Financial by 232.1% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after buying an additional 260 shares in the last quarter. R Squared Ltd acquired a new position in shares of Jackson Financial in the 4th quarter valued at approximately $126,000. Harbor Capital Advisors Inc. acquired a new position in shares of Jackson Financial in the 3rd quarter valued at approximately $141,000. Finally, GAMMA Investing LLC raised its position in shares of Jackson Financial by 7.1% in the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after buying an additional 118 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Trading Up 2.5 %

Shares of NYSE JXN opened at $83.72 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a 52-week low of $51.59 and a 52-week high of $115.22. The firm has a 50 day moving average price of $90.76 and a two-hundred day moving average price of $92.93. The stock has a market cap of $6.18 billion, a P/E ratio of 7.31 and a beta of 1.47.

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

Jackson Financial Increases Dividend

The firm 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 is a boost from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.82%. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s dividend payout ratio is 24.45%.

Insider Buying and Selling at Jackson Financial

In other news, Director Gregory T. Durant acquired 1,500 shares of Jackson Financial stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost 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 $2,891,036.44. This trade represents a 4.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on JXN shares. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price objective for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays upped their price objective 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $92.80.

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.