Williamson Legacy Group LLC Takes Position in Jackson Financial Inc. (NYSE:JXN)

Williamson Legacy Group LLC bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,617 shares of the company’s stock, valued at approximately $315,000.

Several other institutional investors have also recently made changes to their positions in JXN. Charles Schwab Investment Management Inc. increased its holdings in shares of Jackson Financial by 40.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock valued at $95,874,000 after purchasing an additional 300,520 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Jackson Financial by 6,642.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock valued at $19,716,000 after purchasing an additional 223,060 shares in the last quarter. Four Tree Island Advisory LLC purchased a new position in shares of Jackson Financial during the 4th quarter valued at approximately $19,298,000. Ibex Wealth Advisors purchased a new stake in Jackson Financial in the 4th quarter worth $17,055,000. Finally, Assenagon Asset Management S.A. increased its holdings in Jackson Financial by 586.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 180,253 shares of the company’s stock worth $15,696,000 after acquiring an additional 153,992 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Trading Up 3.3 %

Shares of JXN opened at $91.66 on Friday. Jackson Financial Inc. has a 52-week low of $54.47 and a 52-week high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $90.74 and its two-hundred day moving average is $92.88. The stock has a market cap of $6.77 billion, a PE ratio of 8.01 and a beta of 1.47.

Jackson Financial (NYSE:JXN) last announced its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.07). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal 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 paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s payout ratio is 27.95%.

Analysts Set New Price Targets

Several brokerages recently commented on JXN. Keefe, Bruyette & Woods boosted their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Finally, Barclays boosted their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Jackson Financial has an average rating of “Hold” and a consensus target price of $97.40.

Insiders Place Their Bets

In other news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $90.28 per share, with a total value of $135,420.00. Following the transaction, the director now owns 32,023 shares in the company, valued at $2,891,036.44. The trade was a 4.91 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

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.