2,620 Shares in Jackson Financial Inc. $JXN Purchased by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC purchased 2,620 shares of Jackson Financial Inc. for about $220,000, highlighting increased institutional interest in the company's stock.
• Equities research analysts have raised their price targets for Jackson Financial, with Barclays setting a new target of $114.00 and Morgan Stanley adjusting theirs to $97.00, reflecting positive market sentiment.
• Jackson Financial recently announced a quarterly dividend of $0.80, representing an annual yield of 3.3%, though its dividend payout ratio stands at -5,333.33%.

Teza Capital Management LLC bought a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,620 shares of the company's stock, valued at approximately $220,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Donald Smith & CO. Inc. increased its holdings in Jackson Financial by 7.0% during the first quarter. Donald Smith & CO. Inc. now owns 1,666,047 shares of the company's stock worth $139,581,000 after buying an additional 108,758 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Jackson Financial by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,084,560 shares of the company's stock worth $90,864,000 after buying an additional 5,320 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Jackson Financial by 385.3% during the first quarter. Assenagon Asset Management S.A. now owns 874,771 shares of the company's stock worth $73,288,000 after buying an additional 694,518 shares during the last quarter. Millennium Management LLC increased its holdings in Jackson Financial by 296.7% during the first quarter. Millennium Management LLC now owns 658,468 shares of the company's stock worth $55,166,000 after buying an additional 492,492 shares during the last quarter. Finally, LSV Asset Management increased its holdings in Jackson Financial by 11.1% during the first quarter. LSV Asset Management now owns 651,798 shares of the company's stock worth $54,608,000 after buying an additional 65,239 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

Shares of JXN stock traded down $1.31 on Friday, hitting $97.71. The company's stock had a trading volume of 596,003 shares, compared to its average volume of 459,258. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. The stock's 50 day moving average is $92.16 and its 200-day moving average is $85.59. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The company has a market capitalization of $6.81 billion, a PE ratio of -1,628.30 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.61 by $0.26. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The business had revenue of ($471.00) million for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company posted $5.32 earnings per share. Jackson Financial's revenue was down 3.3% compared to the same quarter last year. Equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be paid a $0.80 dividend. The ex-dividend date is Monday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. Jackson Financial's dividend payout ratio is -5,333.33%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Keefe, Bruyette & Woods upped their price objective on shares of Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a report on Monday, August 11th. Barclays upped their price objective on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Jefferies Financial Group upped their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $101.20.

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.