World Investment Advisors Acquires New Stake in Jackson Financial Inc. (NYSE:JXN)

World Investment Advisors acquired a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,424 shares of the company's stock, valued at approximately $287,000.

A number of other hedge funds have also made changes to their positions in the stock. Wealthcare Advisory Partners LLC raised its position in Jackson Financial by 1.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 14,096 shares of the company's stock valued at $1,181,000 after purchasing an additional 166 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Jackson Financial by 1.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 18,048 shares of the company's stock worth $1,572,000 after purchasing an additional 193 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Jackson Financial by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,118 shares of the company's stock worth $272,000 after purchasing an additional 199 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Jackson Financial by 0.9% during the first quarter. Exchange Traded Concepts LLC now owns 22,867 shares of the company's stock worth $1,916,000 after purchasing an additional 206 shares during the period. Finally, MML Investors Services LLC grew its stake in shares of Jackson Financial by 1.7% during the fourth quarter. MML Investors Services LLC now owns 13,530 shares of the company's stock worth $1,178,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $100.00 to $102.00 and gave the stock a "market perform" rating in a report on Wednesday, July 9th. Morgan Stanley set a $91.00 target price on Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, Barclays boosted their price target on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Jackson Financial has an average rating of "Hold" and a consensus target price of $96.40.

Jackson Financial Stock Performance

Shares of Jackson Financial stock traded up $1.02 on Monday, hitting $88.05. The stock had a trading volume of 384,141 shares, compared to its average volume of 753,670. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 85.49 and a beta of 1.47. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43. The business's 50 day moving average is $84.92 and its two-hundred day moving average is $85.00.

Jackson Financial (NYSE:JXN - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.93 by $0.17. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The firm had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the prior year, the company earned $4.23 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. Analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Thursday, June 12th. Jackson Financial's payout ratio is 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.