Jackson Financial Inc. (NYSE:JXN) is Carson Advisory Inc.’s 10th Largest Position

Carson Advisory Inc. reduced its position in shares of Jackson Financial Inc. (NYSE:JXNFree Report) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,877 shares of the company’s stock after selling 3,003 shares during the period. Jackson Financial comprises approximately 1.9% of Carson Advisory Inc.’s portfolio, making the stock its 10th largest position. Carson Advisory Inc. owned approximately 0.05% of Jackson Financial worth $2,637,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Jackson Financial by 47.0% in the first quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock valued at $32,000 after acquiring an additional 154 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Jackson Financial in the fourth quarter valued at $36,000. Headlands Technologies LLC purchased a new stake in Jackson Financial in the fourth quarter valued at $38,000. Kapitalo Investimentos Ltda purchased a new stake in Jackson Financial in the fourth quarter valued at $57,000. Finally, Hexagon Capital Partners LLC lifted its position in Jackson Financial by 113.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,297 shares of the company’s stock valued at $66,000 after acquiring an additional 688 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jackson Financial

In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.67, for a total transaction of $983,710.00. Following the transaction, the chief operating officer now directly owns 93,405 shares in the company, valued at $7,067,956.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.67, for a total transaction of $983,710.00. Following the transaction, the chief operating officer now directly owns 93,405 shares in the company, valued at $7,067,956.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Don W. Cummings bought 1,445 shares of the stock in a transaction on Wednesday, June 5th. The shares were bought at an average price of $72.70 per share, for a total transaction of $105,051.50. Following the completion of the transaction, the chief financial officer now directly owns 45,711 shares of the company’s stock, valued at approximately $3,323,189.70. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JXN. Evercore ISI reduced their price target on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating for the company in a research report on Wednesday, June 26th. Keefe, Bruyette & Woods cut shares of Jackson Financial from an “outperform” rating to a “market perform” rating and upped their target price for the company from $75.00 to $80.00 in a report on Tuesday, May 14th. Jefferies Financial Group upped their target price on shares of Jackson Financial from $62.00 to $70.00 and gave the company a “hold” rating in a report on Friday, June 28th. Finally, Morgan Stanley upped their target price on shares of Jackson Financial from $82.00 to $84.00 and gave the company an “equal weight” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $70.80.

View Our Latest Report on JXN

Jackson Financial Stock Performance

Shares of NYSE:JXN traded up $3.32 on Wednesday, reaching $76.89. The company’s stock had a trading volume of 549,081 shares, compared to its average volume of 751,311. Jackson Financial Inc. has a 52-week low of $30.99 and a 52-week high of $81.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32. The stock’s 50-day moving average is $74.33 and its two-hundred day moving average is $63.21. The stock has a market capitalization of $5.86 billion, a P/E ratio of 2.03 and a beta of 1.51.

Jackson Financial (NYSE:JXNGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.56. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm earned $3.15 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Jackson Financial Inc. will post 16.98 EPS for the current year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.64%. Jackson Financial’s dividend payout ratio (DPR) is 7.40%.

Jackson Financial Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

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