Kera Capital Partners Inc. Makes New $6.50 Million Investment in Jackson Financial Inc. (NYSE:JXN)

Kera Capital Partners Inc. bought a new stake in Jackson Financial Inc. (NYSE:JXN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 74,642 shares of the company’s stock, valued at approximately $6,500,000. Jackson Financial makes up approximately 1.9% of Kera Capital Partners Inc.’s holdings, making the stock its 16th biggest holding. Kera Capital Partners Inc. owned approximately 0.10% of Jackson Financial at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC acquired a new position in Jackson Financial during the 3rd quarter worth $31,000. Blue Trust Inc. raised its position in shares of Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after acquiring an additional 260 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Jackson Financial during the third quarter valued at $141,000. GAMMA Investing LLC boosted its holdings in Jackson Financial by 114.2% in the third quarter. GAMMA Investing LLC now owns 1,660 shares of the company’s stock valued at $151,000 after acquiring an additional 885 shares during the last quarter. Finally, CWM LLC increased its position in Jackson Financial by 62.0% in the third quarter. CWM LLC now owns 1,660 shares of the company’s stock worth $151,000 after purchasing an additional 635 shares during the period. 89.96% of the stock is owned by institutional investors.

Insider Transactions at Jackson Financial

In related news, Director Gregory T. Durant acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the transaction, the director now owns 32,023 shares of the company’s stock, valued at $2,891,036.44. The trade was a 4.91 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JXN. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and upped their target price for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays cut their price objective on shares of Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Jackson Financial has an average rating of “Hold” and an average target price of $92.40.

Jackson Financial Trading Up 0.1 %

Shares of JXN opened at $92.50 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s 50-day moving average price is $94.19 and its two-hundred day moving average price is $90.55. Jackson Financial Inc. has a 1 year low of $48.00 and a 1 year high of $115.22.

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 company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm earned $3.80 earnings per share. Equities analysts expect that Jackson Financial Inc. will post 18.77 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.70 dividend. The ex-dividend date was Thursday, December 5th. This represents a $2.80 annualized dividend and a dividend yield of 3.03%. Jackson Financial’s dividend payout ratio (DPR) is currently -22.15%.

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.