4,738 Shares in Jackson Financial Inc. (NYSE:JXN) Acquired by Meriwether Wealth & Planning LLC

Meriwether Wealth & Planning LLC bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,738 shares of the company’s stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position 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 acquiring an additional 153,326 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Jackson Financial by 7.4% in the third 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Jackson Financial by 2.7% in the fourth 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 last quarter. Victory Capital Management Inc. raised its holdings in shares of Jackson Financial by 196.4% in the fourth 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 last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Jackson Financial by 2.7% in the fourth 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 last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Up 1.7 %

JXN stock opened at $84.73 on Monday. The firm’s fifty day moving average is $90.46 and its 200 day moving average is $93.02. Jackson Financial Inc. has a one year low of $58.02 and a one year high of $115.22. The firm has a market cap of $6.26 billion, a PE ratio of 7.40 and a beta of 1.48. 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 (NYSE:JXN) last announced its 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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, research analysts forecast 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. Stockholders of record on Tuesday, March 11th will be given a $0.80 dividend. This is a positive change 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 dividend yield of 3.78%. Jackson Financial’s dividend payout ratio (DPR) is 27.95%.

Insider Transactions at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were purchased 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 owns 32,023 shares in the company, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JXN. Evercore ISI cut 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 report on Thursday, November 14th. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, February 28th. Finally, Barclays increased their price objective 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. One equities research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $97.40.

About Jackson Financial

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.