Wealthcare Advisory Partners LLC Purchases 1,751 Shares of Jackson Financial Inc. (NYSE:JXN)

Wealthcare Advisory Partners LLC increased its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,816 shares of the company’s stock after buying an additional 1,751 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Jackson Financial were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of JXN. Daiwa Securities Group Inc. bought a new position in shares of Jackson Financial during the fourth quarter valued at $36,000. Headlands Technologies LLC acquired a new position in Jackson Financial in the fourth quarter valued at about $38,000. NBC Securities Inc. bought a new stake in Jackson Financial during the third quarter worth about $28,000. PNC Financial Services Group Inc. increased its holdings in shares of Jackson Financial by 291.2% during the third quarter. PNC Financial Services Group Inc. now owns 1,025 shares of the company’s stock worth $39,000 after buying an additional 763 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its stake in shares of 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. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Buying and Selling at Jackson Financial

In related news, Director Derek G. Kirkland purchased 3,500 shares of Jackson Financial stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the transaction, the director now directly owns 37,726 shares of the company’s stock, valued at $2,100,206.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.

Jackson Financial Stock Up 7.1 %

Shares of JXN opened at $78.62 on Friday. The business’s fifty day moving average price is $65.34 and its two-hundred day moving average price is $54.11. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 8.01 and a beta of 1.54. Jackson Financial Inc. has a 52 week low of $26.70 and a 52 week high of $81.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.33 and a current ratio of 0.33.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.56. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.67 billion. Jackson Financial’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.15 EPS. On average, analysts predict that Jackson Financial Inc. will post 15.95 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Tuesday, March 12th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.56%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, March 11th. Jackson Financial’s payout ratio is 28.54%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Evercore ISI increased their price target on Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Morgan Stanley increased their target price on Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods lifted their price target on Jackson Financial from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.80.

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.