Colonial River Investments LLC Has $1.63 Million Holdings in Jackson Financial Inc. (NYSE:JXN)

Colonial River Investments LLC boosted its position in shares of Jackson Financial Inc. (NYSE:JXN) by 14.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,855 shares of the company’s stock after buying an additional 2,273 shares during the period. Colonial River Investments LLC’s holdings in Jackson Financial were worth $1,629,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JXN. Hantz Financial Services Inc. acquired a new position in Jackson Financial during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Jackson Financial by 400.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock worth $27,000 after buying an additional 316 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after buying an additional 260 shares during the last quarter. GAMMA Investing LLC boosted its stake in Jackson Financial by 60.8% in the second quarter. GAMMA Investing LLC now owns 775 shares of the company’s stock valued at $58,000 after buying an additional 293 shares in the last quarter. Finally, Headlands Technologies LLC grew its position in Jackson Financial by 41.2% in the first quarter. Headlands Technologies LLC now owns 1,055 shares of the company’s stock valued at $70,000 after acquiring an additional 308 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JXN. Barclays raised their price target on shares of Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Jefferies Financial Group increased their price target on Jackson Financial from $73.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. Finally, Morgan Stanley increased their target price on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $80.33.

Insider Activity

In related news, EVP Carrie Chelko sold 5,500 shares of Jackson Financial stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $91.31, for a total transaction of $502,205.00. Following the completion of the transaction, the executive vice president now owns 61,829 shares of the company’s stock, valued at $5,645,605.99. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Jackson Financial Stock Down 2.4 %

Shares of NYSE:JXN opened at $108.29 on Friday. The firm has a market cap of $8.15 billion, a P/E ratio of -8.57 and a beta of 1.48. Jackson Financial Inc. has a 12-month low of $41.61 and a 12-month high of $115.09. The business has a fifty day simple moving average of $94.01 and a 200 day simple moving average of $83.39. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the business earned $3.80 EPS. Analysts predict that Jackson Financial Inc. will post 18.78 earnings per share for the current year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.70 dividend. The ex-dividend date is Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.59%. Jackson Financial’s dividend payout ratio (DPR) is currently -22.15%.

Jackson Financial declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 7th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.