Adams Wealth Management Acquires Shares of 2,805 Jackson Financial Inc. $JXN

Key Points

• Adams Wealth Management acquired a new stake in Jackson Financial Inc., purchasing 2,805 shares valued at approximately $234,000 during the first quarter.
• Jackson Financial's stock price target has been set by analysts, with prices ranging from $91.00 to $114.00, while the stock currently has a consensus rating of "Hold."
• The company declared a quarterly dividend of $0.80, representing an annualized yield of 3.4%, to be paid on September 25th.

Adams Wealth Management acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,805 shares of the company's stock, valued at approximately $234,000.

Several other hedge funds have also bought and sold shares of the business. Gator Capital Management LLC boosted its stake in Jackson Financial by 1.6% during the first quarter. Gator Capital Management LLC now owns 113,650 shares of the company's stock worth $9,522,000 after acquiring an additional 1,800 shares in the last quarter. Ethic Inc. boosted its stake in Jackson Financial by 3.9% during the first quarter. Ethic Inc. now owns 5,433 shares of the company's stock worth $459,000 after acquiring an additional 204 shares in the last quarter. Fox Run Management L.L.C. boosted its stake in Jackson Financial by 75.0% during the first quarter. Fox Run Management L.L.C. now owns 19,452 shares of the company's stock worth $1,630,000 after acquiring an additional 8,338 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Jackson Financial by 43.9% during the first quarter. Public Sector Pension Investment Board now owns 264,800 shares of the company's stock worth $22,185,000 after acquiring an additional 80,772 shares in the last quarter. Finally, Independent Advisor Alliance boosted its stake in Jackson Financial by 4.5% during the first quarter. Independent Advisor Alliance now owns 12,264 shares of the company's stock worth $1,027,000 after acquiring an additional 525 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Performance

JXN stock traded up $1.6840 during midday trading on Tuesday, reaching $95.6440. 518,730 shares of the company's stock traded hands, compared to its average volume of 597,014. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The stock has a market cap of $6.66 billion, a P/E ratio of 4.89 and a beta of 1.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.46. The stock's 50-day moving average is $88.14 and its 200 day moving average is $84.77.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $4.87 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 1.73% and a return on equity of 14.73%. The firm's revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $5.32 earnings per share. As a group, analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.