CacheTech Inc. Makes New $234,000 Investment in Jackson Financial Inc. $JXN

Key Points

• CacheTech Inc. purchased 2,805 shares of Jackson Financial Inc. for approximately $234,000, marking a significant new stake for the investor.
• Jackson Financial recently announced a quarterly dividend of $0.80 per share, with a dividend yield of 3.4%.
• Institutional investors currently own 89.96% of Jackson Financial's stock, indicating strong institutional support for the company.

CacheTech Inc. acquired a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,805 shares of the company's stock, valued at approximately $234,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new stake in Jackson Financial in the fourth quarter worth approximately $28,000. NBC Securities Inc. bought a new stake in Jackson Financial in the first quarter worth approximately $37,000. Versant Capital Management Inc increased its holdings in shares of Jackson Financial by 161.9% during the first quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after acquiring an additional 340 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Jackson Financial during the first quarter valued at approximately $67,000. Finally, HWG Holdings LP bought a new stake in shares of Jackson Financial during the first quarter valued at approximately $72,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Up 0.6%

Jackson Financial stock traded up $0.5560 during trading on Wednesday, hitting $96.2960. 454,522 shares of the company were exchanged, compared to its average volume of 762,112. The business's 50 day moving average is $88.14 and its 200 day moving average is $84.77. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The company has a market capitalization of $6.71 billion, a P/E ratio of -1,604.67 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.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.61 by $0.26. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%.The business had revenue of ($471.00) million during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $5.32 earnings per share. Jackson Financial's revenue was down 3.3% compared to the same quarter last year. Analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Dividend Announcement

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 $0.80 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.20 annualized dividend and a yield of 3.3%. Jackson Financial's payout ratio is currently -5,333.33%.

Analyst Ratings Changes

Several research firms have recently commented on JXN. Barclays boosted their price objective on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Keefe, Bruyette & Woods boosted their price objective 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 boosted their price objective on Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a report on Monday, August 11th. Finally, Morgan Stanley boosted their price objective on Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $101.20.

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.