O Shaughnessy Asset Management LLC Has $6.90 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

O Shaughnessy Asset Management LLC cut its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,257 shares of the company’s stock after selling 9,743 shares during the period. O Shaughnessy Asset Management LLC owned 0.11% of Jackson Financial worth $6,902,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in Jackson Financial during the 4th quarter worth approximately $26,000. World Investment Advisors LLC acquired a new stake in shares of Jackson Financial during the third quarter worth $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Jackson Financial in the fourth quarter valued at about $44,000. Blue Trust Inc. boosted its position in shares of Jackson Financial by 114.5% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the company’s stock valued at $69,000 after acquiring an additional 426 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Jackson Financial in the fourth quarter valued at about $126,000. Institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

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

Jackson Financial Price Performance

JXN stock opened at $84.35 on Wednesday. The company’s 50-day moving average price is $88.63 and its two-hundred day moving average price is $92.95. The firm has a market cap of $6.13 billion, a P/E ratio of 7.37 and a beta of 1.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 12 month low of $62.81 and a 12 month high of $115.22.

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

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were given a dividend of $0.80 per share. 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 3.79%. The ex-dividend date was Tuesday, March 11th. Jackson Financial’s dividend payout ratio is currently 27.95%.

Insider Activity at Jackson Financial

In related news, CEO Scott Romine sold 7,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 85,276 shares of the company’s stock, valued at $7,199,852.68. This represents a 7.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

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.