Donald Smith & CO. Inc. Has $101.33 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

Donald Smith & CO. Inc. boosted its position in shares of Jackson Financial Inc. (NYSE:JXN) by 36.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,979,189 shares of the company’s stock after purchasing an additional 528,976 shares during the period. Jackson Financial accounts for approximately 2.6% of Donald Smith & CO. Inc.’s portfolio, making the stock its 11th biggest position. Donald Smith & CO. Inc. owned about 2.49% of Jackson Financial worth $101,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in Jackson Financial during the third quarter valued at about $1,734,000. Private Trust Co. NA raised its holdings in Jackson Financial by 60.6% during the third quarter. Private Trust Co. NA now owns 2,864 shares of the company’s stock valued at $109,000 after buying an additional 1,081 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Jackson Financial by 4.9% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 9,237 shares of the company’s stock valued at $353,000 after buying an additional 429 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Jackson Financial by 6.2% during the third quarter. Commonwealth Equity Services LLC now owns 162,614 shares of the company’s stock valued at $6,215,000 after buying an additional 9,476 shares in the last quarter. Finally, Xponance Inc. bought a new position in Jackson Financial during the third quarter valued at about $280,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on JXN. Keefe, Bruyette & Woods lifted their price objective on Jackson Financial from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Evercore ISI lifted their price objective on Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Jefferies Financial Group reiterated a “hold” rating and issued a $55.00 price objective on shares of Jackson Financial in a research note on Tuesday, January 2nd. Morgan Stanley lifted their price objective on Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, The Goldman Sachs Group lifted their price objective on Jackson Financial from $39.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.80.

Jackson Financial Price Performance

NYSE JXN traded up $0.29 during trading on Monday, reaching $69.85. 538,586 shares of the company traded hands, compared to its average volume of 814,234. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.33 and a current ratio of 0.33. The stock’s 50 day moving average price is $61.89 and its two-hundred day moving average price is $52.30. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 7.09 and a beta of 1.57. Jackson Financial Inc. has a 1-year low of $26.70 and a 1-year high of $70.97.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, February 21st. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($1.00). The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.40 billion. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $5.66 earnings per share. As a group, analysts anticipate that Jackson Financial Inc. will post 15.95 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.01%. 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 presently 28.54%.

Insider Buying and Selling at Jackson Financial

In related news, Director Derek G. Kirkland acquired 3,500 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $55.67 per share, with a total value of $194,845.00. Following the completion of the acquisition, the director now owns 37,726 shares of the company’s stock, valued at $2,100,206.42. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

Jackson Financial 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.