Jackson Financial Inc. (NYSE:JXN) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 0.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,084,560 shares of the company's stock after buying an additional 5,320 shares during the period. Charles Schwab Investment Management Inc. owned 1.49% of Jackson Financial worth $90,864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Jackson Financial during the 4th quarter worth about $28,000. NBC Securities Inc. purchased a new position in Jackson Financial in the 1st quarter valued at approximately $37,000. Versant Capital Management Inc lifted its position in shares of Jackson Financial by 161.9% during the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company's stock worth $46,000 after purchasing an additional 340 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Jackson Financial in the first quarter valued at about $67,000. Finally, HWG Holdings LP purchased a new stake in shares of Jackson Financial in the first quarter valued at approximately $72,000. 89.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a report on Monday, August 11th. Barclays lifted their target price on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Jefferies Financial Group boosted their price target on shares of 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 set a $91.00 price objective on shares of Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Jackson Financial currently has a consensus rating of "Hold" and a consensus price target of $100.00.

Jackson Financial Stock Down 2.0%

Shares of Jackson Financial stock traded down $1.93 on Friday, hitting $94.52. The company had a trading volume of 418,297 shares, compared to its average volume of 600,927. The firm has a market capitalization of $6.75 billion, a P/E ratio of -1,575.07 and a beta of 1.46. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a 50-day moving average of $87.70 and a 200-day moving average of $84.78.

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

Jackson Financial Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.4%. Jackson Financial's payout ratio is -5,333.33%.

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.