FORA Capital LLC Sells 808 Shares of Jackson Financial Inc. (NYSE:JXN)

FORA Capital LLC decreased its stake in Jackson Financial Inc. (NYSE:JXN) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,167 shares of the company’s stock after selling 808 shares during the period. FORA Capital LLC’s holdings in Jackson Financial were worth $2,205,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JXN. Hantz Financial Services Inc. bought a new stake in shares of Jackson Financial during the second quarter worth about $25,000. Blue Trust Inc. raised its holdings in 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 during the last quarter. EverSource Wealth Advisors LLC boosted its position in Jackson Financial by 400.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock worth $27,000 after buying an additional 316 shares during the period. GAMMA Investing LLC grew its holdings in Jackson Financial by 60.8% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the company’s stock worth $58,000 after acquiring an additional 293 shares during the last quarter. Finally, CWM LLC increased its position in Jackson Financial by 80.5% in the 2nd quarter. CWM LLC now owns 1,025 shares of the company’s stock valued at $76,000 after acquiring an additional 457 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

JXN has been the topic of a number of recent research reports. Evercore ISI lowered 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 report on Thursday, November 14th. Barclays lifted their target price on Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Morgan Stanley upped their price target on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Finally, Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $84.00.

Jackson Financial Price Performance

JXN stock opened at $100.03 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of -7.91 and a beta of 1.48. The company’s fifty day simple moving average is $98.98 and its 200 day simple moving average is $86.24. Jackson Financial Inc. has a 12-month low of $46.70 and a 12-month high of $115.22.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company earned $3.80 earnings per share. On average, analysts expect that Jackson Financial Inc. will post 18.8 earnings per share for the current year.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, December 5th. Jackson Financial’s dividend payout ratio (DPR) is presently -22.15%.

Jackson Financial announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Carrie Chelko sold 5,500 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total transaction of $502,205.00. Following the transaction, the executive vice president now owns 61,829 shares in the company, valued at approximately $5,645,605.99. This represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

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.