Versor Investments LP Sells 3,783 Shares of Jackson Financial Inc. (NYSE:JXN)

Versor Investments LP lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 21.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,927 shares of the company’s stock after selling 3,783 shares during the quarter. Versor Investments LP’s holdings in Jackson Financial were worth $1,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC purchased a new stake in Jackson Financial in the fourth quarter valued at approximately $26,000. World Investment Advisors LLC purchased a new stake in Jackson Financial in the third quarter valued at approximately $31,000. Blue Trust Inc. raised its stake in Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after purchasing an additional 260 shares in the last quarter. R Squared Ltd purchased a new stake in Jackson Financial in the fourth quarter valued at approximately $126,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in Jackson Financial in the third quarter valued at approximately $141,000. Institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

JXN has been the topic of several research reports. Barclays lifted their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Evercore ISI downgraded shares of 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 research note on Thursday, November 14th. One equities research 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.com, Jackson Financial has an average rating of “Hold” and a consensus price target of $92.80.

Insider Buying and Selling

In other news, Director Gregory T. Durant bought 1,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is owned by insiders.

Jackson Financial Trading Up 1.7 %

JXN stock opened at $88.64 on Friday. 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 one year low of $52.56 and a one year high of $115.22. The company’s 50 day moving average price is $90.69 and its two-hundred day moving average price is $92.90. The company has a market capitalization of $6.55 billion, a PE ratio of 7.74 and a beta of 1.47.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, February 19th. The company reported $4.65 EPS 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 the consensus estimate of $1.81 billion. As a group, analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.61%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s payout ratio is presently 27.95%.

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.