Atria Wealth Solutions Inc. Has $1.87 Million Stake in Jackson Financial Inc. (NYSE:JXN)

Atria Wealth Solutions Inc. boosted its holdings in Jackson Financial Inc. (NYSE:JXN) by 20.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,561 shares of the company’s stock after buying an additional 6,152 shares during the period. Atria Wealth Solutions Inc.’s holdings in Jackson Financial were worth $1,872,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. bought a new stake in shares of Jackson Financial during the 3rd quarter valued at $28,000. Daiwa Securities Group Inc. acquired a new position in Jackson Financial in the fourth quarter valued at about $36,000. PNC Financial Services Group Inc. boosted its holdings in Jackson Financial by 291.2% during the third quarter. PNC Financial Services Group Inc. now owns 1,025 shares of the company’s stock worth $39,000 after buying an additional 763 shares during the last quarter. Planned Solutions Inc. bought a new position in Jackson Financial during the fourth quarter worth about $77,000. Finally, Private Trust Co. NA increased its stake in shares of Jackson Financial by 60.6% in the 3rd quarter. Private Trust Co. NA now owns 2,864 shares of the company’s stock valued at $109,000 after acquiring an additional 1,081 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JXN has been the topic of several recent analyst reports. Evercore ISI lifted their price objective on shares of Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Morgan Stanley lifted their price target on shares of Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Jefferies Financial Group restated a “hold” rating and issued a $55.00 price objective on shares of Jackson Financial in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, The Goldman Sachs Group boosted their target price on Jackson Financial from $39.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.80.

Insiders Place Their Bets

In other Jackson Financial news, Director Derek G. Kirkland acquired 3,500 shares of the stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the completion of the acquisition, the director now directly owns 37,726 shares of the company’s stock, valued at $2,100,206.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.

Jackson Financial Trading Up 0.4 %

Shares of NYSE:JXN opened at $69.85 on Tuesday. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 7.12 and a beta of 1.57. Jackson Financial Inc. has a 12 month low of $26.70 and a 12 month high of $70.97. The company’s fifty day simple moving average is $62.26 and its 200 day simple moving average is $52.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.41.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, February 21st. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($1.00). The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.40 billion. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $5.66 EPS. As a group, research analysts forecast that Jackson Financial Inc. will post 15.95 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 12th were paid a $0.70 dividend. This is a boost from Jackson Financial’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.80 annualized dividend and a yield of 4.01%. Jackson Financial’s payout ratio is presently 28.54%.

Jackson Financial Company 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.