World Investment Advisors LLC Invests $31,000 in Jackson Financial Inc. (NYSE:JXN)

World Investment Advisors LLC bought a new stake in Jackson Financial Inc. (NYSE:JXN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,201 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new stake in shares of Jackson Financial during the second quarter worth $25,000. Blue Trust Inc. grew its holdings in 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 acquiring an additional 260 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of Jackson Financial by 2,173.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,046 shares of the company’s stock worth $78,000 after acquiring an additional 1,000 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Jackson Financial by 1,267.8% in the 2nd quarter. Fifth Third Bancorp now owns 1,614 shares of the company’s stock valued at $120,000 after purchasing an additional 1,496 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Jackson Financial during the 3rd quarter valued at about $141,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

JXN has been the topic of several recent analyst reports. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. Barclays increased their target price on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.00.

Insider Buying and Selling at Jackson Financial

In related news, Director Gregory T. Durant bought 1,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the acquisition, the director now directly owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $86.33 on Friday. Jackson Financial Inc. has a twelve month low of $47.49 and a twelve month high of $115.22. The stock’s 50 day moving average is $99.39 and its 200-day moving average is $88.12. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of -6.83 and a beta of 1.42.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.07). The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the firm posted $3.80 EPS. Sell-side analysts forecast that Jackson Financial Inc. will post 18.8 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a yield of 3.24%. Jackson Financial’s dividend payout ratio (DPR) is currently -22.15%.

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.