World Investment Advisors Acquires Shares of 3,424 Jackson Financial Inc. (NYSE:JXN)

World Investment Advisors bought a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,424 shares of the company's stock, valued at approximately $287,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in shares of Jackson Financial by 13.4% in the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock valued at $360,036,000 after purchasing an additional 487,803 shares in the last quarter. Geode Capital Management LLC lifted its stake in Jackson Financial by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company's stock worth $188,522,000 after purchasing an additional 13,362 shares during the last quarter. Norges Bank purchased a new stake in Jackson Financial during the fourth quarter valued at about $98,767,000. Jacobs Levy Equity Management Inc. boosted its position in Jackson Financial by 0.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock valued at $94,305,000 after buying an additional 4,987 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of Jackson Financial by 4.2% during the fourth quarter. Federated Hermes Inc. now owns 1,010,490 shares of the company's stock valued at $87,993,000 after buying an additional 40,828 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JXN has been the subject of several analyst reports. Barclays increased their price target on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Monday. Morgan Stanley set a $91.00 target price on Jackson Financial and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods upped their price target on Jackson Financial from $100.00 to $102.00 and gave the company a "market perform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $96.40.

Jackson Financial Trading Down 0.8%

Shares of NYSE:JXN traded down $0.75 on Friday, hitting $87.14. The company had a trading volume of 329,420 shares, compared to its average volume of 754,207. The firm's 50-day simple moving average is $84.92 and its two-hundred day simple moving average is $85.07. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 4.47 and a beta of 1.47. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.93 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $4.23 earnings per share. Equities analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a yield of 3.67%. Jackson Financial's dividend payout ratio (DPR) is currently 310.68%.

Jackson Financial Company 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.