18,998 Shares in Jackson Financial Inc. (NYSE:JXN) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new position in Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,998 shares of the company’s stock, valued at approximately $1,654,000.

A number of other institutional investors have also recently bought and sold shares of JXN. Empowered Funds LLC purchased a new position in Jackson Financial in the 4th quarter worth about $26,000. World Investment Advisors LLC purchased a new position in Jackson Financial in the 3rd quarter worth about $31,000. SBI Securities Co. Ltd. purchased a new position in Jackson Financial in the 4th quarter worth about $44,000. Blue Trust Inc. increased its stake in Jackson Financial by 114.5% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock worth $69,000 after purchasing an additional 426 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Jackson Financial in the 4th quarter worth about $126,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Activity

In related news, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the sale, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.

Jackson Financial Stock Up 4.4 %

Shares of Jackson Financial stock opened at $82.84 on Friday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 7.24 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a 52-week low of $60.99 and a 52-week high of $115.22. The stock has a 50-day simple moving average of $89.81 and a 200-day simple moving average of $92.76.

Jackson Financial (NYSE:JXN) last announced 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 analyst estimates of $1.81 billion. On average, equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.86%. 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. Jackson Financial’s payout ratio is currently 27.95%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JXN. Keefe, Bruyette & Woods lifted their price target on Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, February 28th. Barclays raised their price objective on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.