Citigroup Inc. Boosts Holdings in Jackson Financial Inc. (NYSE:JXN)

Citigroup Inc. lifted its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 38.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,408 shares of the company's stock after purchasing an additional 76,608 shares during the period. Citigroup Inc. owned about 0.38% of Jackson Financial worth $23,157,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Bank of Montreal Can raised its holdings in Jackson Financial by 8.9% in the 4th quarter. Bank of Montreal Can now owns 9,926 shares of the company's stock valued at $864,000 after acquiring an additional 810 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Jackson Financial in the 4th quarter valued at about $27,193,000. Sterling Capital Management LLC raised its holdings in Jackson Financial by 15.8% in the 4th quarter. Sterling Capital Management LLC now owns 15,663 shares of the company's stock valued at $1,364,000 after acquiring an additional 2,139 shares during the last quarter. Mariner LLC raised its holdings in Jackson Financial by 14.9% in the 4th quarter. Mariner LLC now owns 5,086 shares of the company's stock valued at $443,000 after acquiring an additional 659 shares during the last quarter. Finally, Regal Investment Advisors LLC raised its holdings in Jackson Financial by 2.9% in the 4th quarter. Regal Investment Advisors LLC now owns 9,889 shares of the company's stock valued at $861,000 after acquiring an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Performance

Jackson Financial stock traded down $1.93 during midday trading on Friday, hitting $94.52. 418,297 shares of the company's stock were exchanged, compared to its average volume of 600,927. 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 $6.75 billion, a price-to-earnings ratio of -1,575.07 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. The firm's 50 day simple moving average is $87.70 and its 200 day simple moving average is $84.78.

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

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be paid a $0.80 dividend. The ex-dividend date is Monday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 3.4%. Jackson Financial's dividend payout ratio (DPR) is -5,333.33%.

Wall Street Analyst Weigh In

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

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.