Amundi Has $6.70 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

Amundi boosted its holdings in Jackson Financial Inc. (NYSE:JXN) by 204.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,657 shares of the company’s stock after buying an additional 50,847 shares during the period. Amundi owned approximately 0.10% of Jackson Financial worth $6,703,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in Jackson Financial by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,118 shares of the company’s stock valued at $272,000 after purchasing an additional 199 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of Jackson Financial by 336.4% during the fourth quarter. Edgestream Partners L.P. now owns 88,313 shares of the company’s stock valued at $7,690,000 after buying an additional 68,078 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of Jackson Financial in the fourth quarter valued at about $1,265,000. Raymond James Financial Inc. acquired a new stake in Jackson Financial during the fourth quarter worth about $27,193,000. Finally, Aigen Investment Management LP bought a new position in Jackson Financial during the fourth quarter valued at about $641,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, the chief executive officer now owns 85,276 shares of the company’s stock, valued at approximately $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Jackson Financial Trading Up 4.4 %

Shares of JXN opened at $82.84 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The stock has a market cap of $6.02 billion, a PE ratio of 7.24 and a beta of 1.48. Jackson Financial Inc. has a 1 year low of $60.99 and a 1 year high of $115.22. The stock has a 50 day simple moving average of $89.81 and a 200-day simple moving average of $92.81.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.81 billion. On average, sell-side analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be given a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.86%. Jackson Financial’s payout ratio is 27.95%.

Analysts Set New Price Targets

A number of brokerages have commented on JXN. Barclays raised their price objective on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods lifted their price target on shares of Jackson Financial from $103.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $97.40.

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.