DGS Capital Management LLC Takes $478,000 Position in Jackson Financial Inc. (NYSE:JXN)

DGS Capital Management LLC bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,241 shares of the company’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tidal Investments LLC acquired a new stake in shares of Jackson Financial during the third quarter valued at approximately $1,733,000. World Investment Advisors LLC bought a new stake in Jackson Financial in the third quarter valued at about $31,000. Geode Capital Management LLC lifted its stake in Jackson Financial by 7.4% during the third quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock worth $194,187,000 after purchasing an additional 144,530 shares during the period. Vestcor Inc boosted its holdings in Jackson Financial by 14.3% during the third quarter. Vestcor Inc now owns 25,710 shares of the company’s stock valued at $2,346,000 after purchasing an additional 3,207 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Jackson Financial by 251.6% in the 3rd quarter. Barclays PLC now owns 134,001 shares of the company’s stock valued at $12,223,000 after purchasing an additional 95,893 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on JXN shares. Morgan Stanley boosted their price target on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and raised their price target for the company from $74.00 to $95.00 in a report on Thursday, November 14th. Finally, Barclays boosted their price objective on Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $84.00.

Insider Transactions at Jackson Financial

In related news, EVP Carrie Chelko sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total value of $502,205.00. Following the completion of the transaction, the executive vice president now directly owns 61,829 shares in the company, valued at approximately $5,645,605.99. The trade was a 8.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory T. Durant bought 1,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the acquisition, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Jackson Financial Trading Down 0.3 %

JXN stock opened at $91.47 on Friday. The company has a market cap of $6.76 billion, a P/E ratio of -7.24 and a beta of 1.42. Jackson Financial Inc. has a twelve month low of $47.49 and a twelve month high of $115.22. 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 business has a fifty day moving average of $100.13 and a 200-day moving average of $87.77.

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

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Thursday, December 5th. Jackson Financial’s dividend payout ratio is currently -22.15%.

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.