Asset Management One Co. Ltd. Boosts Holdings in Jackson Financial Inc. (NYSE:JXN)

Asset Management One Co. Ltd. raised its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 25.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 19,908 shares of the company's stock after buying an additional 4,004 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Jackson Financial were worth $1,668,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its stake in shares of Jackson Financial by 69.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,014 shares of the company's stock worth $336,000 after acquiring an additional 1,652 shares during the period. HWG Holdings LP acquired a new position in Jackson Financial during the 1st quarter worth approximately $72,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Jackson Financial by 1.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 102,318 shares of the company's stock worth $8,572,000 after buying an additional 991 shares in the last quarter. LVZ Inc. boosted its stake in shares of Jackson Financial by 18.8% in the first quarter. LVZ Inc. now owns 4,708 shares of the company's stock valued at $394,000 after buying an additional 746 shares in the last quarter. Finally, Advisor Resource Council acquired a new position in Jackson Financial during the first quarter worth $339,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Wall Street Analyst Weigh In

JXN has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th. Morgan Stanley set a $91.00 price target on shares of Jackson Financial and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Barclays boosted their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $94.80.

Jackson Financial Stock Performance

Shares of JXN opened at $89.58 on Monday. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. The stock has a market cap of $6.40 billion, a P/E ratio of 86.97 and a beta of 1.47. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $82.59 and a two-hundred day moving average of $85.07.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.93 by $0.17. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $4.23 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts predict 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 was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.57%. The ex-dividend date was Thursday, June 12th. Jackson Financial's payout ratio is 310.68%.

Insider Transactions at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the completion of the transaction, the chief executive officer now owns 116,423 shares of the company's stock, valued at $8,093,726.96. The trade was a 15.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company's stock.

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.

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