Proficio Capital Partners LLC Takes Position in Jackson Financial Inc. (NYSE:JXN)

Proficio Capital Partners LLC bought a new position in shares of Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,323 shares of the company’s stock, valued at approximately $1,160,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in shares of Jackson Financial in the 4th quarter worth $26,000. World Investment Advisors LLC bought a new stake in Jackson Financial in the third quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new stake in Jackson Financial in the 4th quarter valued at about $44,000. Blue Trust Inc. boosted its position in shares of Jackson Financial by 114.5% during the 4th quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after purchasing an additional 426 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Jackson Financial in the 4th quarter worth approximately $126,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on JXN shares. Keefe, Bruyette & Woods increased their target price on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, February 28th. Barclays increased their price objective on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $97.40.

Insiders Place Their Bets

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, the chief executive officer now owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Stock Performance

Jackson Financial stock opened at $84.29 on Friday. 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 company has a market cap of $6.12 billion, a P/E ratio of 7.36 and a beta of 1.48. Jackson Financial Inc. has a fifty-two week low of $62.81 and a fifty-two week high of $115.22. The firm’s 50 day simple moving average is $89.36 and its 200-day simple moving average is $92.66.

Jackson Financial (NYSE:JXN) last announced its 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, equities research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were paid 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 yield of 3.80%. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial’s dividend payout ratio 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.