CHURCHILL MANAGEMENT Corp Acquires 197 Shares of Jackson Financial Inc. (NYSE:JXN)

CHURCHILL MANAGEMENT Corp raised its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 0.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 157,447 shares of the company’s stock after acquiring an additional 197 shares during the period. CHURCHILL MANAGEMENT Corp owned approximately 0.21% of Jackson Financial worth $13,711,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JXN. GAMMA Investing LLC lifted its position in Jackson Financial by 7.1% during the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after purchasing an additional 118 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of Jackson Financial by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock worth $1,032,000 after buying an additional 159 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after acquiring an additional 260 shares during the period. Plato Investment Management Ltd increased its position in Jackson Financial by 10.9% during the third quarter. Plato Investment Management Ltd now owns 2,845 shares of the company’s stock valued at $259,000 after acquiring an additional 279 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Jackson Financial by 4.8% in the third quarter. CIBC Asset Management Inc now owns 7,197 shares of the company’s stock valued at $657,000 after acquiring an additional 331 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the acquisition, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

Jackson Financial Stock Up 3.8 %

Shares of JXN opened at $92.09 on Thursday. The business’s 50 day moving average is $94.88 and its 200 day moving average is $90.31. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a 12-month low of $47.49 and a 12-month high of $115.22. The company has a market capitalization of $6.80 billion, a PE ratio of -7.29 and a beta of 1.46.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the company posted $3.80 EPS. Research analysts expect that Jackson Financial Inc. will post 18.8 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, December 5th. Jackson Financial’s payout ratio is presently -22.15%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JXN shares. Evercore ISI cut shares of 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 research note on Thursday, November 14th. Barclays lowered their price objective on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $92.40.

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.