Kapitalo Investimentos Ltda Acquires New Shares in Jackson Financial Inc. (NYSE:JXN)

Kapitalo Investimentos Ltda acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,105 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Assetmark Inc. acquired a new stake in shares of Jackson Financial during the fourth quarter worth about $2,270,000. Advisors Preferred LLC acquired a new stake in Jackson Financial during the 4th quarter worth approximately $1,680,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Jackson Financial during the 3rd quarter worth approximately $871,000. Virtu Financial LLC bought a new position in Jackson Financial in the fourth quarter valued at approximately $621,000. Finally, Federated Hermes Inc. boosted its holdings in shares of Jackson Financial by 58.8% in the fourth quarter. Federated Hermes Inc. now owns 521,266 shares of the company’s stock valued at $26,689,000 after buying an additional 192,995 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Stock Performance

Shares of JXN stock opened at $72.57 on Friday. Jackson Financial Inc. has a 12 month low of $28.57 and a 12 month high of $81.52. The company’s fifty day simple moving average is $72.33 and its 200-day simple moving average is $60.75. The firm has a market cap of $5.53 billion, a PE ratio of 1.92 and a beta of 1.54. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.42.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.67 by $0.56. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm earned $3.15 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Jackson Financial Inc. will post 16.98 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, June 6th. This represents a $2.80 annualized dividend and a yield of 3.86%. Jackson Financial’s payout ratio is presently 7.40%.

Analyst Upgrades and Downgrades

JXN has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Evercore ISI lifted their price target on Jackson Financial from $55.00 to $62.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Finally, Keefe, Bruyette & Woods lowered Jackson Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $75.00 to $80.00 in a report on Tuesday, May 14th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.80.

Insider Activity at Jackson Financial

In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $75.67, for a total transaction of $983,710.00. Following the transaction, the chief operating officer now owns 93,405 shares of the company’s stock, valued at approximately $7,067,956.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Don W. Cummings bought 1,445 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were bought at an average cost of $72.70 per share, with a total value of $105,051.50. Following the acquisition, the chief financial officer now owns 45,711 shares in the company, valued at $3,323,189.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Devkumar Dilip Ganguly sold 13,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.67, for a total transaction of $983,710.00. Following the completion of the sale, the chief operating officer now owns 93,405 shares of the company’s stock, valued at $7,067,956.35. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.