Atria Investments Inc Buys 1,433 Shares of Jackson Financial Inc. (NYSE:JXN)

Atria Investments Inc lifted its position in Jackson Financial Inc. (NYSE:JXN) by 35.7% in the third quarter, HoldingsChannel.com reports. The firm owned 5,446 shares of the company’s stock after purchasing an additional 1,433 shares during the quarter. Atria Investments Inc’s holdings in Jackson Financial were worth $497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JXN. SG Americas Securities LLC lifted its position in shares of Jackson Financial by 74.8% in the first quarter. SG Americas Securities LLC now owns 3,712 shares of the company’s stock worth $246,000 after buying an additional 1,588 shares in the last quarter. US Bancorp DE increased its holdings in Jackson Financial by 33,231.3% during the 1st quarter. US Bancorp DE now owns 10,666 shares of the company’s stock worth $705,000 after purchasing an additional 10,634 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Jackson Financial by 11.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 98,904 shares of the company’s stock valued at $6,542,000 after acquiring an additional 10,487 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Jackson Financial in the 1st quarter worth approximately $866,000. Finally, Lazard Asset Management LLC lifted its holdings in Jackson Financial by 10.1% during the first quarter. Lazard Asset Management LLC now owns 261,981 shares of the company’s stock worth $17,326,000 after buying an additional 24,041 shares during the period. 89.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JXN has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $74.00 to $95.00 in a report on Thursday, November 14th. Keefe, Bruyette & Woods boosted their target price on shares of Jackson Financial from $80.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. Jefferies Financial Group increased their price target on Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, Morgan Stanley boosted their price objective on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $84.00.

Jackson Financial Trading Down 0.9 %

Shares of Jackson Financial stock opened at $98.54 on Thursday. Jackson Financial Inc. has a fifty-two week low of $45.57 and a fifty-two week high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $7.28 billion, a P/E ratio of -7.91 and a beta of 1.48. The firm has a 50-day simple moving average of $96.95 and a two-hundred day simple moving average of $85.21.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company earned $3.80 EPS. As a group, equities analysts predict that Jackson Financial Inc. will post 18.8 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.80 annualized dividend and a dividend yield of 2.84%. Jackson Financial’s dividend payout ratio (DPR) is presently -22.15%.

Jackson Financial announced that its board has initiated a stock buyback program on Wednesday, August 7th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the company to purchase up to 10.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other Jackson Financial news, EVP Carrie Chelko sold 5,500 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total value of $502,205.00. Following the completion of the sale, the executive vice president now owns 61,829 shares in the company, valued at approximately $5,645,605.99. This represents a 8.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

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.