Jackson Financial Inc. (NYSE:JXN) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC raised its position in shares of Jackson Financial Inc. (NYSE:JXN) by 18.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,532 shares of the company’s stock after purchasing an additional 235 shares during the period. Hexagon Capital Partners LLC’s holdings in Jackson Financial were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Assets Advisory LLC acquired a new position in Jackson Financial during the 1st quarter valued at about $2,188,000. GAMMA Investing LLC lifted its stake in shares of Jackson Financial by 47.0% in the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after acquiring an additional 154 shares during the period. Arden Trust Co lifted its stake in shares of Jackson Financial by 1.9% in the 1st quarter. Arden Trust Co now owns 21,732 shares of the company’s stock worth $1,437,000 after acquiring an additional 411 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Jackson Financial in the 4th quarter worth approximately $57,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Jackson Financial in the 4th quarter worth approximately $209,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JXN. Morgan Stanley upped 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 note on Monday, April 15th. 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 note on Wednesday, June 26th. Jefferies Financial Group upped their price target on shares of Jackson Financial from $62.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods lowered shares of Jackson Financial from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $75.00 to $80.00 in a research note on Tuesday, May 14th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $68.00.

Jackson Financial Price Performance

Shares of NYSE JXN traded up $0.69 during midday trading on Monday, reaching $74.95. The company’s stock had a trading volume of 479,884 shares, compared to its average volume of 763,094. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average price of $73.59 and a 200 day moving average price of $62.14. Jackson Financial Inc. has a one year low of $29.28 and a one year high of $81.52. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 1.98 and a beta of 1.51.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, May 8th. The company reported $4.23 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.56. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm earned $3.15 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts expect that Jackson Financial Inc. will post 16.98 EPS for the current year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, June 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.74%. Jackson Financial’s dividend payout ratio is currently 7.40%.

Insider Activity

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

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.