Brookwood Investment Group LLC Acquires New Holdings in Jackson Financial Inc. (NYSE:JXN)

Key Points

• Brookwood Investment Group LLC recently invested $426,000 in Jackson Financial, acquiring 5,084 shares during the first quarter.
• Jackson Financial reported a quarterly EPS of $5.10, surpassing expectations, and showed a revenue of $3.75 billion despite a year-over-year decline of 0.6%.
• The company declared a quarterly dividend of $0.80 per share, resulting in an annualized dividend of $3.20, with a notable payout ratio of 310.68%.

Brookwood Investment Group LLC acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,084 shares of the company's stock, valued at approximately $426,000.

Several other hedge funds also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Jackson Financial during the fourth quarter valued at approximately $28,000. NBC Securities Inc. acquired a new position in shares of Jackson Financial in the 1st quarter valued at $37,000. Versant Capital Management Inc grew its holdings in shares of Jackson Financial by 161.9% in the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after buying an additional 340 shares during the period. HWG Holdings LP acquired a new position in shares of Jackson Financial in the 1st quarter valued at $72,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Jackson Financial in the 4th quarter valued at $79,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Jackson Financial Stock Performance

JXN traded up $0.09 on Tuesday, reaching $88.07. The company had a trading volume of 72,026 shares, compared to its average volume of 770,958. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The stock has a market cap of $6.29 billion, a P/E ratio of 85.47 and a beta of 1.47. The company's fifty day moving average is $85.55 and its 200 day moving average is $84.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29.

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

Jackson Financial Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.63%. Jackson Financial's payout ratio is presently 310.68%.

Analysts Set New Price Targets

Several equities research analysts recently commented on JXN shares. Barclays boosted their price objective on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Morgan Stanley set a $91.00 price objective on shares of Jackson Financial and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $100.00 to $102.00 and gave the company a "market perform" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.