Jackson Financial Inc. (NYSE:JXN) Position Lessened by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund trimmed its position in shares of Jackson Financial Inc. (NYSE:JXN) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,363 shares of the company’s stock after selling 346 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Jackson Financial were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of JXN. Creative Planning raised its holdings in shares of Jackson Financial by 10.2% during the third quarter. Creative Planning now owns 4,041 shares of the company’s stock worth $369,000 after acquiring an additional 373 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after acquiring an additional 260 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Jackson Financial by 10.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,047 shares of the company’s stock worth $369,000 after acquiring an additional 396 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Jackson Financial by 2.4% during the third quarter. New York State Teachers Retirement System now owns 56,350 shares of the company’s stock worth $5,141,000 after acquiring an additional 1,338 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC purchased a new stake in shares of Jackson Financial during the third quarter worth $216,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gregory T. Durant bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the transaction, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on JXN shares. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a report on Friday. Finally, Barclays raised their target price on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Jackson Financial has a consensus rating of “Hold” and a consensus price target of $97.40.

Jackson Financial Price Performance

NYSE JXN opened at $91.66 on Friday. Jackson Financial Inc. has a fifty-two week low of $54.47 and a fifty-two week high of $115.22. The stock’s 50-day moving average is $90.74 and its two-hundred day moving average is $92.88. 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 firm has a market cap of $6.77 billion, a P/E ratio of 8.01 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. On average, analysts anticipate 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 given a $0.80 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

Jackson Financial Company 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.