12,977 Shares in Jackson Financial Inc. (NYSE:JXN) Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new stake in Jackson Financial Inc. (NYSE:JXN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,977 shares of the company’s stock, valued at approximately $1,130,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JXN. Barclays PLC raised its position in shares of Jackson Financial by 251.6% in the third quarter. Barclays PLC now owns 134,001 shares of the company’s stock valued at $12,223,000 after buying an additional 95,893 shares during the last quarter. World Investment Advisors LLC acquired a new position in Jackson Financial in the 3rd quarter valued at $31,000. Principal Financial Group Inc. lifted its stake in shares of Jackson Financial by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 407,104 shares of the company’s stock worth $37,140,000 after purchasing an additional 1,152 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Jackson Financial by 7.1% during the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock worth $155,000 after purchasing an additional 118 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its position in shares of Jackson Financial by 21.0% in the fourth quarter. CWA Asset Management Group LLC now owns 11,898 shares of the company’s stock valued at $1,036,000 after purchasing an additional 2,069 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction on Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the sale, the chief executive officer now owns 116,423 shares of the company’s stock, valued at $8,093,726.96. The trade was a 15.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the completion of the transaction, the chief executive officer now owns 85,276 shares in the company, valued at $7,199,852.68. This represents a 7.59 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on JXN shares. Keefe, Bruyette & Woods decreased their price target on Jackson Financial from $105.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley decreased their target price on shares of Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Finally, Barclays dropped their price target on shares of Jackson Financial from $118.00 to $106.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $91.40.

Jackson Financial Stock Up 1.8 %

JXN opened at $83.24 on Thursday. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The firm has a 50 day moving average price of $79.47 and a 200 day moving average price of $89.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $6.05 billion, a PE ratio of 7.27 and a beta of 1.50.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.93 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. Jackson Financial’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $4.23 EPS. Sell-side analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were given a $0.80 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 3.84%. Jackson Financial’s dividend payout ratio is presently 27.95%.

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.