Jackson Financial Inc. $JXN Stock: Vise Technologies Inc. Raises Holdings
by Danessa Lincoln · The Markets DailyVise Technologies Inc. raised its stake in Jackson Financial Inc. (NYSE:JXN – Free Report) by 80.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,288 shares of the company’s stock after acquiring an additional 8,612 shares during the quarter. Vise Technologies Inc.’s holdings in Jackson Financial were worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Triumph Capital Management raised its position in shares of Jackson Financial by 3.6% during the third quarter. Triumph Capital Management now owns 2,846 shares of the company’s stock worth $368,000 after acquiring an additional 100 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Jackson Financial by 22.7% in the 2nd quarter. Allworth Financial LP now owns 573 shares of the company’s stock valued at $59,000 after purchasing an additional 106 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Jackson Financial by 7.4% during the first quarter. Geneos Wealth Management Inc. now owns 1,906 shares of the company’s stock worth $201,000 after buying an additional 132 shares during the last quarter. Inspire Investing LLC boosted its stake in Jackson Financial by 3.4% in the third quarter. Inspire Investing LLC now owns 4,116 shares of the company’s stock valued at $532,000 after acquiring an additional 135 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Jackson Financial by 6.3% during the 3rd quarter. Park Avenue Securities LLC now owns 2,342 shares of the company’s stock worth $303,000 after acquiring an additional 139 shares during the period. 89.96% of the stock is owned by institutional investors.
Analyst Ratings Changes
JXN has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Jackson Financial in a research note on Monday. Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Barclays boosted their target price on Jackson Financial from $151.00 to $154.00 and gave the company an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $140.00 price objective on shares of Jackson Financial in a report on Friday, September 18th. Finally, Evercore set a $135.00 price target on shares of Jackson Financial in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $134.80.
Read Our Latest Stock Report on JXN
Jackson Financial Stock Performance
Shares of JXN stock opened at $132.81 on Friday. Jackson Financial Inc. has a 12 month low of $89.67 and a 12 month high of $150.00. The company’s fifty day simple moving average is $133.50 and its 200-day simple moving average is $118.53. The firm has a market cap of $8.99 billion, a PE ratio of 10.92 and a beta of 1.34. The company has a quick ratio of 0.26, a current ratio of 0.22 and a debt-to-equity ratio of 0.62.
Jackson Financial (NYSE:JXN – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $7.55 earnings per share for the quarter, beating the consensus estimate of $7.24 by $0.31. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Jackson Financial had a return on equity of 20.46% and a net margin of 13.41%.
Jackson Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 3rd. Jackson Financial’s dividend payout ratio (DPR) is 29.61%.
Insider Buying and Selling at Jackson Financial
In related news, CEO Christopher Raub sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total value of $653,450.00. Following the completion of the sale, the chief executive officer directly owned 42,160 shares in the company, valued at approximately $5,509,890.40. This trade represents a 10.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.
Jackson Financial Company Profile
Jackson Financial Inc is a U.S.-based financial services company focused on helping individuals and institutions pursue retirement security. Through its operating subsidiaries, the company develops and distributes annuity products designed to provide income, investment growth opportunities and protection against certain retirement-related risks.
Jackson’s offerings include variable annuities, fixed annuities and fixed-indexed annuities, along with related retirement planning solutions.
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