Credit Agricole S A Purchases 13,080 Shares of Jackson Financial Inc. $JXN

Key Points

• Credit Agricole S A increased its stake in Jackson Financial Inc. by 74.2%, acquiring an additional 13,080 shares, bringing its total holdings to 30,718 shares valued at approximately $2.57 million.
• The company recently declared a quarterly dividend of $0.80 per share, set to be paid on September 25th, with a current annual yield of 3.2% despite a negative payout ratio.
• Jackson Financial's stock opened at $98.53, having a market cap of $6.86 billion, while recent earnings surpassed analyst expectations with $4.87 EPS.

Credit Agricole S A lifted its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 74.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,718 shares of the company's stock after purchasing an additional 13,080 shares during the period. Credit Agricole S A's holdings in Jackson Financial were worth $2,574,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Mariner LLC grew its stake 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 buying an additional 659 shares during the last quarter. NewEdge Advisors LLC grew its stake in Jackson Financial by 188.8% in the 4th quarter. NewEdge Advisors LLC now owns 6,363 shares of the company's stock valued at $554,000 after buying an additional 4,160 shares during the last quarter. MetLife Investment Management LLC grew its stake in Jackson Financial by 3.7% in the 4th quarter. MetLife Investment Management LLC now owns 45,046 shares of the company's stock valued at $3,923,000 after buying an additional 1,592 shares during the last quarter. MML Investors Services LLC grew its stake in Jackson Financial by 1.7% in the 4th quarter. MML Investors Services LLC now owns 13,530 shares of the company's stock valued at $1,178,000 after buying an additional 225 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Jackson Financial by 826.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,751 shares of the company's stock valued at $327,000 after buying an additional 3,346 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

Shares of NYSE:JXN traded up $0.78 on Friday, reaching $99.02. 80,702 shares of the company's stock were exchanged, compared to its average volume of 748,116. The company has a fifty day moving average of $90.05 and a 200-day moving average of $85.08. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of -1,649.81 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 earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.61 by $0.26. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The firm had revenue of ($471.00) million for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business posted $5.32 EPS. The business's revenue was down 3.3% compared to the same quarter last year. On average, research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial's dividend payout ratio is -5,333.33%.

Wall Street Analysts Forecast Growth

JXN has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their price target on shares of Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a research note on Monday, August 11th. Jefferies Financial Group upped their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Morgan Stanley upped their price target on shares of Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Finally, Barclays upped their price target 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. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.