Caisse Des Depots ET Consignations Invests $5.02 Million in Jackson Financial Inc. (NYSE:JXN)

Caisse Des Depots ET Consignations bought a new stake in Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 57,651 shares of the company’s stock, valued at approximately $5,020,000. Caisse Des Depots ET Consignations owned about 0.08% of Jackson Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JXN. Massachusetts Financial Services Co. MA raised its position in shares of Jackson Financial by 1.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 130,137 shares of the company’s stock worth $11,872,000 after acquiring an additional 2,191 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Jackson Financial by 40.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock worth $95,874,000 after purchasing an additional 300,520 shares in the last quarter. Citigroup Inc. lifted its position in shares of Jackson Financial by 130.5% during the 3rd quarter. Citigroup Inc. now owns 138,374 shares of the company’s stock worth $12,624,000 after buying an additional 78,344 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Jackson Financial by 84.8% in the 3rd quarter. Cerity Partners LLC now owns 8,022 shares of the company’s stock valued at $732,000 after buying an additional 3,681 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Jackson Financial in the 3rd quarter valued at $427,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO Scott Romine sold 7,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the completion of the sale, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Trading Down 1.2 %

NYSE JXN opened at $87.63 on Thursday. Jackson Financial Inc. has a one year low of $62.81 and a one year high of $115.22. The firm has a market cap of $6.37 billion, a PE ratio of 7.65 and a beta of 1.48. The firm’s fifty day moving average is $89.35 and its two-hundred day moving average is $92.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30.

Jackson Financial (NYSE:JXN) last issued its quarterly 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 company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were issued a dividend of $0.80 per share. The ex-dividend date was Tuesday, March 11th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.65%. Jackson Financial’s dividend payout ratio (DPR) is currently 27.95%.

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.