Acadian Asset Management LLC Has $112.18 Million Stock Position in Jackson Financial Inc. $JXN

Key Points

• Acadian Asset Management LLC reduced its stake in Jackson Financial by 4.7%, owning approximately 1.84% of the company, which is valued at around $112.18 million.
• Various institutional investors, including Deutsche Bank AG and Janus Henderson Group PLC, significantly increased their stakes in Jackson Financial during the fourth quarter of the previous year.
• Analysts have adjusted their price targets for Jackson Financial, with an average target of $101.20 and mixed ratings, including one Buy, three Holds, and one Sell.

Acadian Asset Management LLC decreased its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,339,265 shares of the company's stock after selling 65,688 shares during the quarter. Acadian Asset Management LLC owned about 1.84% of Jackson Financial worth $112,181,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of JXN. Assenagon Asset Management S.A. lifted its position in shares of Jackson Financial by 385.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 874,771 shares of the company's stock worth $73,288,000 after acquiring an additional 694,518 shares during the period. Nuveen LLC bought a new position in Jackson Financial in the 1st quarter valued at $43,830,000. Millennium Management LLC boosted its position in Jackson Financial by 296.7% in the 1st quarter. Millennium Management LLC now owns 658,468 shares of the company's stock valued at $55,166,000 after buying an additional 492,492 shares during the last quarter. GAMMA Investing LLC boosted its position in Jackson Financial by 9,833.0% in the 1st quarter. GAMMA Investing LLC now owns 176,608 shares of the company's stock valued at $14,796,000 after buying an additional 174,830 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Jackson Financial by 144.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 253,504 shares of the company's stock valued at $21,239,000 after buying an additional 149,799 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Down 1.3%

Shares of JXN traded down $1.31 during midday trading on Friday, hitting $97.71. The stock had a trading volume of 596,003 shares, compared to its average volume of 459,258. The company has a 50 day simple moving average of $92.16 and a two-hundred day simple moving average of $85.59. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of -1,628.30 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $0.26. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%.The firm had revenue of ($471.00) million for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the business posted $5.32 EPS. The company's revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts anticipate 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 will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. Jackson Financial's dividend payout ratio (DPR) is currently -5,333.33%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Jefferies Financial Group increased their price objective on Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Morgan Stanley raised their price target on Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Keefe, Bruyette & Woods raised their price target on Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a research report on Monday, August 11th. Finally, Barclays raised 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 research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $101.20.

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.