Caxton Associates LLP Makes New Investment in Jackson Financial Inc. $JXN

Key Points

• Caxton Associates LLP acquired 32,334 shares of Jackson Financial Inc., valued at approximately $2,709,000, during the first quarter of the year.
• Jackson Financial recently announced a quarterly dividend of $0.80 per share, representing a yield of 3.4%, with the payout scheduled for September 25th.
• Analyst ratings vary, with one analyst rating the stock as a Buy and a consensus price target set at $101.20, reflecting a mixed outlook on the company's performance.

Caxton Associates LLP bought a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,334 shares of the company's stock, valued at approximately $2,709,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd lifted its position in shares of Jackson Financial by 65.9% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 5,670 shares of the company's stock valued at $475,000 after acquiring an additional 2,252 shares during the last quarter. Teza Capital Management LLC acquired a new stake in shares of Jackson Financial during the 1st quarter valued at $220,000. Millennium Management LLC lifted its position in shares of Jackson Financial by 296.7% during the 1st quarter. Millennium Management LLC now owns 658,468 shares of the company's stock valued at $55,166,000 after acquiring an additional 492,492 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Jackson Financial by 33.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company's stock valued at $458,000 after acquiring an additional 1,363 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Jackson Financial during the 1st quarter valued at $46,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Jackson Financial Stock Down 1.3%

Shares of NYSE:JXN traded down $1.31 during midday trading on Friday, hitting $97.71. 596,003 shares of the stock were exchanged, compared to its average volume of 459,258. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The business's fifty day simple moving average is $92.16 and its two-hundred day simple moving average is $85.59. The company has a market capitalization of $6.81 billion, a PE ratio of -1,628.30 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $1.77 billion. During the same period last year, the company earned $5.32 earnings per share. Jackson Financial's quarterly revenue was down 3.3% compared to the same quarter last year. As a group, research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, September 15th. Jackson Financial's dividend payout ratio (DPR) is currently -5,333.33%.

Analysts Set New Price Targets

JXN has been the subject of a number of recent research reports. Barclays increased their price objective on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Jefferies Financial Group increased their target price on Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a report on Monday, August 11th. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a report on Monday, August 11th. Finally, Morgan Stanley increased their target price on Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Jackson Financial currently has a consensus rating of "Hold" and a consensus 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.