Jackson Financial Inc. (NYSE:JXN) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its holdings in Jackson Financial Inc. (NYSE:JXN) by 44.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,027 shares of the company’s stock after selling 55,703 shares during the quarter. Squarepoint Ops LLC owned 0.09% of Jackson Financial worth $5,274,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new position in shares of Jackson Financial in the second quarter worth $25,000. EverSource Wealth Advisors LLC lifted its holdings in Jackson Financial by 400.0% in the first quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock worth $27,000 after purchasing an additional 316 shares during the period. GAMMA Investing LLC grew its position in Jackson Financial by 47.0% in the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock valued at $32,000 after buying an additional 154 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Jackson Financial during the 4th quarter valued at about $57,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Jackson Financial during the 1st quarter worth about $66,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jackson Financial

In other Jackson Financial news, EVP Carrie Chelko sold 5,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the completion of the sale, the executive vice president now directly owns 61,829 shares in the company, valued at approximately $5,645,605.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Jackson Financial Trading Down 0.1 %

Shares of JXN opened at $91.23 on Tuesday. The business’s 50-day moving average price is $84.93 and its 200 day moving average price is $76.29. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $6.96 billion, a P/E ratio of 2.38 and a beta of 1.50. Jackson Financial Inc. has a 1-year low of $35.27 and a 1-year high of $92.65.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, August 7th. The company reported $5.32 earnings per share for the quarter, topping the consensus estimate of $4.32 by $1.00. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.71 billion. The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $3.34 earnings per share. Analysts expect that Jackson Financial Inc. will post 18.49 earnings per share for the current year.

Jackson Financial declared that its board has approved a stock repurchase plan on Wednesday, August 7th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.70 dividend. The ex-dividend date was Thursday, September 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.07%. Jackson Financial’s payout ratio is currently 7.40%.

Analyst Upgrades and Downgrades

JXN has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price objective on shares of Jackson Financial from $73.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Morgan Stanley raised their target price on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Barclays began coverage on shares of Jackson Financial in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $109.00 price target on the stock. Finally, Evercore ISI reduced their price objective on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating for the company in a research report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $80.00.

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.