Jackson Financial Inc. (NYSE:JXN) Shares Acquired by Ariadne Wealth Management LP

Ariadne Wealth Management LP increased its stake in Jackson Financial Inc. (NYSE:JXN) by 23.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,370 shares of the company’s stock after acquiring an additional 842 shares during the period. Ariadne Wealth Management LP’s holdings in Jackson Financial were worth $406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock worth $155,000 after acquiring an additional 118 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Jackson Financial by 1.4% in the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock valued at $1,032,000 after buying an additional 159 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Jackson Financial by 0.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock worth $4,416,000 after buying an additional 168 shares during the last quarter. Caprock Group LLC raised its position in shares of Jackson Financial by 4.3% during the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock worth $367,000 after acquiring an additional 173 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Jackson Financial by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock valued at $234,000 after purchasing an additional 180 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Jackson Financial

In other news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the sale, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This trade represents a 7.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on JXN shares. Keefe, Bruyette & Woods upped their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, February 28th. Barclays boosted their target price on Jackson Financial from $116.00 to $118.00 and gave the company 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 assigned a buy rating to the stock. According to data from MarketBeat, Jackson Financial has an average rating of “Hold” and a consensus target price of $97.40.

Jackson Financial Stock Up 3.5 %

JXN opened at $88.57 on Tuesday. Jackson Financial Inc. has a 52 week low of $62.81 and a 52 week high of $115.22. The business has a 50 day moving average price of $89.44 and a two-hundred day moving average price of $92.76. 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 company has a market cap of $6.43 billion, a PE ratio of 7.74 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.80 per share. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Tuesday, March 11th. Jackson Financial’s payout ratio is presently 27.95%.

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.