XTX Topco Ltd Takes Position in Jackson Financial Inc. (NYSE:JXN)

XTX Topco Ltd purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,025 shares of the company's stock, valued at approximately $672,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Jackson Financial during the 1st quarter worth $1,727,000. RWC Asset Management LLP grew its holdings in shares of Jackson Financial by 551.8% during the first quarter. RWC Asset Management LLP now owns 25,981 shares of the company's stock worth $2,177,000 after buying an additional 21,995 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Jackson Financial by 1.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,873 shares of the company's stock worth $1,916,000 after buying an additional 400 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Jackson Financial by 3.5% during the 1st quarter. Cetera Investment Advisers now owns 63,776 shares of the company's stock valued at $5,343,000 after acquiring an additional 2,152 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in shares of Jackson Financial by 7.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,800 shares of the company's stock valued at $402,000 after acquiring an additional 349 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 Jackson Financial stock traded up $6.25 during trading hours on Wednesday, reaching $92.71. The company's stock had a trading volume of 1,367,710 shares, compared to its average volume of 776,312. The company's 50 day simple moving average is $86.02 and its 200 day simple moving average is $84.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $115.22. The stock has a market cap of $6.62 billion, a P/E ratio of 90.01 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $4.87 earnings per share for the quarter, beating the consensus estimate of $4.61 by $0.26. The firm had revenue of ($471.00) million for the quarter, compared to the consensus estimate of $1.77 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. Jackson Financial's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $5.32 EPS. As a group, analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial's dividend payout ratio is currently 310.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JXN shares. 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. Keefe, Bruyette & Woods upped their price target on Jackson Financial from $100.00 to $102.00 and gave the stock a "market perform" rating in a report on Wednesday, July 9th. Finally, Barclays upped their target price on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Monday, July 7th.

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.