O Shaughnessy Asset Management LLC Has $4.04 Million Holdings in Jackson Financial Inc. (NYSE:JXN)

O Shaughnessy Asset Management LLC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 32.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,139 shares of the company’s stock after acquiring an additional 14,848 shares during the period. O Shaughnessy Asset Management LLC owned about 0.08% of Jackson Financial worth $4,044,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Jackson Financial by 47.0% during the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after purchasing an additional 154 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in Jackson Financial by 18.1% in the first quarter. Hexagon Capital Partners LLC now owns 1,532 shares of the company’s stock valued at $101,000 after acquiring an additional 235 shares during the last quarter. Asset Allocation Strategies LLC boosted its stake in Jackson Financial by 1.4% in the fourth quarter. Asset Allocation Strategies LLC now owns 17,310 shares of the company’s stock valued at $886,000 after acquiring an additional 242 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Jackson Financial by 18.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,640 shares of the company’s stock worth $84,000 after acquiring an additional 250 shares during the period. Finally, Private Trust Co. NA raised its position in shares of Jackson Financial by 10.2% during the 4th quarter. Private Trust Co. NA now owns 3,156 shares of the company’s stock valued at $162,000 after acquiring an additional 292 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Insider Buying and Selling

In other news, CFO Don W. Cummings acquired 1,445 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average cost of $72.70 per share, for a total transaction of $105,051.50. Following the completion of the acquisition, the chief financial officer now owns 45,711 shares in the company, valued at $3,323,189.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Jackson Financial news, CFO Don W. Cummings acquired 1,445 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were acquired at an average price of $72.70 per share, with a total value of $105,051.50. Following the completion of the transaction, the chief financial officer now directly owns 45,711 shares in the company, valued at approximately $3,323,189.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Devkumar Dilip Ganguly sold 13,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $75.67, for a total transaction of $983,710.00. Following the transaction, the chief operating officer now owns 93,405 shares of the company’s stock, valued at approximately $7,067,956.35. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Jackson Financial Stock Up 1.7 %

Shares of NYSE JXN traded up $1.41 during mid-day trading on Tuesday, reaching $85.51. 793,957 shares of the company’s stock were exchanged, compared to its average volume of 750,557. Jackson Financial Inc. has a twelve month low of $31.40 and a twelve month high of $86.08. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 2.26 and a beta of 1.51. The business has a fifty day simple moving average of $75.58 and a 200 day simple moving average of $65.01.

Jackson Financial (NYSE:JXN) last announced its earnings results on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.67 by $0.56. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.67 billion. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $3.15 earnings per share. As a group, equities analysts expect that Jackson Financial Inc. will post 17.33 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $2.80 annualized dividend and a yield of 3.27%. Jackson Financial’s dividend payout ratio is currently 7.40%.

Analyst Ratings Changes

Several research analysts have recently issued reports on JXN shares. Jefferies Financial Group raised their price target on Jackson Financial from $62.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, June 28th. Evercore ISI decreased their target price on 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. Keefe, Bruyette & Woods downgraded shares of Jackson Financial from an “outperform” rating to a “market perform” rating and increased their price target for the company from $75.00 to $80.00 in a research report on Tuesday, May 14th. Finally, Morgan Stanley boosted their price objective on shares of Jackson Financial from $82.00 to $84.00 and gave the company an “equal weight” rating in a report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.80.

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.