GAMMA Investing LLC Grows Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

GAMMA Investing LLC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 18.6% in the 1st quarter, HoldingsChannel reports. The firm owned 2,108 shares of the company’s stock after acquiring an additional 330 shares during the quarter. GAMMA Investing LLC’s holdings in Jackson Financial were worth $177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in JXN. First Trust Advisors LP grew its position in Jackson Financial by 13.4% during the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company’s stock worth $360,036,000 after purchasing an additional 487,803 shares during the period. Geode Capital Management LLC boosted its stake in shares of Jackson Financial by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company’s stock worth $188,522,000 after buying an additional 13,362 shares during the last quarter. Norges Bank acquired a new stake in Jackson Financial during the fourth quarter worth about $98,767,000. Jacobs Levy Equity Management Inc. raised its position in Jackson Financial by 0.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company’s stock valued at $94,305,000 after acquiring an additional 4,987 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 valued at $93,980,000 after acquiring an additional 28,337 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling

In other news, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $69.52, for a total value of $1,432,598.64. Following the sale, the chief executive officer directly owned 116,423 shares of the company’s stock, valued at $8,093,726.96. The trade was a 15.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Jackson Financial Trading Up 1.0%

Shares of NYSE:JXN opened at $88.96 on Friday. The business’s 50 day moving average price is $84.06 and its 200-day moving average price is $85.07. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 86.37 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.29.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.93 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $4.23 earnings per share. On average, equities research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Thursday, June 12th. Jackson Financial’s payout ratio is 310.68%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays raised their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Morgan Stanley set a $91.00 price objective on shares of Jackson Financial and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods raised their target price on Jackson Financial from $90.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, May 13th. One 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $94.80.

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.