Jackson Financial Inc. (NYSE:JXN) Director Gregory T. Durant Purchases 1,500 Shares

Jackson Financial Inc. (NYSE:JXN) Director Gregory T. Durant acquired 1,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of $90.28 per share, with a total value of $135,420.00. Following the transaction, the director now directly owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jackson Financial Stock Performance

JXN opened at $91.55 on Friday. The business’s 50-day simple moving average is $100.13 and its 200 day simple moving average is $87.85. Jackson Financial Inc. has a 52-week low of $47.49 and a 52-week high of $115.22. 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 firm has a market capitalization of $6.76 billion, a PE ratio of -7.24 and a beta of 1.42.

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

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, December 5th. Jackson Financial’s dividend payout ratio is currently -22.15%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new stake in Jackson Financial in the 2nd quarter valued at about $25,000. Blue Trust Inc. lifted its position in shares of Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after buying an additional 260 shares during the last quarter. CWM LLC boosted its stake in shares of Jackson Financial by 80.5% during the 2nd quarter. CWM LLC now owns 1,025 shares of the company’s stock worth $76,000 after acquiring an additional 457 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in shares of Jackson Financial by 2,173.9% during 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 during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Jackson Financial during the 3rd quarter worth approximately $141,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on JXN shares. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and increased their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Morgan Stanley increased their price objective on Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Finally, Barclays boosted their target price on Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.00.

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.