Jackson Financial Inc. $JXN Position Lowered by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its holdings in Jackson Financial Inc. by 8.8% during the first quarter, ending with approximately 92,103 shares worth $7.7 million.
• Jackson Financial's stock has a consensus rating of "Hold" from analysts, with a target price set at $101.20, reflecting mixed investor sentiment.
• The company recently declared a quarterly dividend of $0.80, which translates to an annualized yield of 3.2% for shareholders.

AQR Capital Management LLC cut its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,103 shares of the company's stock after selling 8,859 shares during the period. AQR Capital Management LLC owned approximately 0.13% of Jackson Financial worth $7,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raiffeisen Bank International AG raised its holdings in Jackson Financial by 11.7% in the 1st quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company's stock valued at $106,000 after acquiring an additional 133 shares during the last quarter. CWM LLC lifted its position in Jackson Financial by 7.9% during the first quarter. CWM LLC now owns 1,975 shares of the company's stock valued at $165,000 after buying an additional 145 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Jackson Financial by 1.2% during the first 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. lifted its position in Jackson Financial by 2.5% during the first quarter. Xponance Inc. now owns 6,738 shares of the company's stock valued at $565,000 after buying an additional 166 shares in the last quarter. Finally, Ethic Inc. lifted its position in Jackson Financial by 3.9% during the first quarter. Ethic Inc. now owns 5,433 shares of the company's stock valued at $459,000 after buying an additional 204 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Stock Up 3.1%

NYSE:JXN traded up $2.95 on Wednesday, reaching $96.79. The stock had a trading volume of 1,032,713 shares, compared to its average volume of 482,670. 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 company has a 50-day moving average of $92.65 and a 200 day moving average of $85.73. The stock has a market cap of $6.74 billion, a P/E ratio of -1,612.91 and a beta of 1.46. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $4.87 earnings per share for the quarter, beating analysts' consensus estimates of $4.61 by $0.26. The company 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 for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $5.32 EPS. On average, research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

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 given a dividend of $0.80 per share. 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 presently -5,333.33%.

Wall Street Analyst Weigh In

JXN has been the subject of several recent research reports. Morgan Stanley increased their price target on Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. Keefe, Bruyette & Woods increased their price target on Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a report on Monday, August 11th. Jefferies Financial Group increased their price target on Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a report on Monday, August 11th. Barclays increased their price target on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Zacks Research downgraded Jackson Financial from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $101.20.

Jackson Financial 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.