Allianz Asset Management GmbH Cuts Position in Jackson Financial Inc. (NYSE:JXN)

Allianz Asset Management GmbH reduced its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 739,223 shares of the company's stock after selling 5,674 shares during the period. Allianz Asset Management GmbH owned about 1.02% of Jackson Financial worth $61,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JXN. CWM LLC increased its position in shares of Jackson Financial by 7.9% during the first quarter. CWM LLC now owns 1,975 shares of the company's stock worth $165,000 after purchasing an additional 145 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of 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 buying an additional 166 shares in the last quarter. Xponance Inc. increased its position in Jackson Financial by 2.5% during the first quarter. Xponance Inc. now owns 6,738 shares of the company's stock worth $565,000 after buying an additional 166 shares during the period. Exchange Traded Concepts LLC lifted its position in Jackson Financial by 0.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 22,867 shares of the company's stock worth $1,916,000 after acquiring an additional 206 shares during the period. Finally, MML Investors Services LLC boosted its holdings in Jackson Financial by 1.7% in the 4th quarter. MML Investors Services LLC now owns 13,530 shares of the company's stock valued at $1,178,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Jackson Financial Stock Down 0.0%

Shares of NYSE:JXN traded down $0.04 on Friday, reaching $87.59. The company had a trading volume of 121,876 shares, compared to its average volume of 776,812. 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 stock has a 50-day moving average price of $85.43 and a 200 day moving average price of $85.02. The stock has a market capitalization of $6.26 billion, a P/E ratio of 85.03 and a beta of 1.47.

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

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is currently 310.68%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JXN. Morgan Stanley set a $91.00 target price on Jackson Financial and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods raised their price objective 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 lifted their price objective on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. 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 stock. Based on data from MarketBeat, Jackson Financial presently has a consensus rating of "Hold" and an average target price of $96.40.

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.