Blue Trust Inc. Has $69,000 Position in Jackson Financial Inc. (NYSE:JXN)

Blue Trust Inc. increased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 114.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 798 shares of the company’s stock after purchasing an additional 426 shares during the period. Blue Trust Inc.’s holdings in Jackson Financial were worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock worth $155,000 after purchasing an additional 118 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Jackson Financial by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock worth $1,032,000 after purchasing an additional 159 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Jackson Financial by 0.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock worth $4,416,000 after purchasing an additional 168 shares during the last quarter. Caprock Group LLC lifted its holdings in Jackson Financial by 4.3% during the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock worth $367,000 after purchasing an additional 173 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in Jackson Financial by 7.5% during the 4th quarter. Savant Capital LLC now owns 3,624 shares of the company’s stock worth $316,000 after purchasing an additional 252 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $81.63 on Monday. Jackson Financial Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $115.22. The business has a fifty day moving average price of $90.93 and a two-hundred day moving average price of $92.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $6.03 billion, a PE ratio of 7.13 and a beta of 1.47.

Jackson Financial (NYSE:JXN) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $1.81 billion. As a group, equities analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid 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 3.92%. Jackson Financial’s dividend payout ratio (DPR) is presently 24.45%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price objective for the company from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays lifted their price objective on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Jackson Financial has an average rating of “Hold” and a consensus price target of $92.80.

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.