Versor Investments LP Sells 3,783 Shares of Jackson Financial Inc. (NYSE:JXN)

Versor Investments LP lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 21.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,927 shares of the company’s stock after selling 3,783 shares during the period. Versor Investments LP’s holdings in Jackson Financial were worth $1,213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd raised its position in shares of Jackson Financial by 300.0% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company’s stock worth $1,460,000 after purchasing an additional 12,000 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Jackson Financial in the 3rd quarter worth about $897,000. Assetmark Inc. raised its position in shares of Jackson Financial by 7.9% in the 3rd quarter. Assetmark Inc. now owns 91,641 shares of the company’s stock worth $8,360,000 after purchasing an additional 6,724 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Jackson Financial in the 3rd quarter worth about $31,000. Finally, Centaurus Financial Inc. raised its position in shares of Jackson Financial by 135.1% in the 3rd quarter. Centaurus Financial Inc. now owns 10,169 shares of the company’s stock worth $928,000 after purchasing an additional 5,844 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Insiders Place Their Bets

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, with a total value of $135,420.00. Following the transaction, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. The trade was a 4.91 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $88.64 on Friday. Jackson Financial Inc. has a fifty-two week low of $52.56 and a fifty-two week high of $115.22. The business has a 50-day simple moving average of $90.69 and a two-hundred day simple moving average of $92.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 7.74 and a beta of 1.47.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. On average, analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial’s dividend payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

JXN has been the subject of several recent analyst reports. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price target for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays boosted their target price on Jackson Financial from $116.00 to $118.00 and gave the stock 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.80.

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.