Teza Capital Management LLC Invests $220,000 in Jackson Financial Inc. $JXN

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 purchased a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,620 shares of the company's stock, valued at approximately $220,000.

Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of Jackson Financial during the 1st quarter valued at $37,000. Brooklyn Investment Group increased its position in shares of Jackson Financial by 987.0% during the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company's stock valued at $42,000 after purchasing an additional 454 shares during the period. Versant Capital Management Inc increased its position in shares of Jackson Financial by 161.9% during the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after purchasing an additional 340 shares during the period. Banque Transatlantique SA acquired a new position in shares of Jackson Financial in the 1st quarter worth $46,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Jackson Financial in the 1st quarter worth $67,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Down 0.4%

Shares of Jackson Financial stock traded down $0.35 during midday trading on Monday, hitting $96.63. The company's stock had a trading volume of 126,850 shares, compared to its average volume of 733,668. The firm has a market capitalization of $6.73 billion, a P/E ratio of -1,611.23 and a beta of 1.46. The stock has a 50-day simple moving average of $92.16 and a 200-day simple moving average of $85.56. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $115.22.

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

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.20 dividend on an annualized basis and a yield of 3.3%. Jackson Financial's dividend payout ratio (DPR) is presently -5,333.33%.

Analyst Ratings Changes

JXN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a report on Monday, August 11th. Morgan Stanley lifted their target price on Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Jefferies Financial Group lifted their target price on Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Finally, Barclays lifted their target price on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $101.20.

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.