Credit Agricole S A Buys 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 holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 74.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 30,718 shares of the company's stock after acquiring an additional 13,080 shares during the period. Credit Agricole S A's holdings in Jackson Financial were worth $2,574,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JXN. Quarry LP acquired a new stake in Jackson Financial during the fourth quarter valued at approximately $28,000. NBC Securities Inc. acquired a new position in shares of Jackson Financial in the 1st quarter worth approximately $37,000. Brooklyn Investment Group lifted its position in shares of Jackson Financial by 987.0% during the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company's stock worth $42,000 after buying an additional 454 shares during the period. Versant Capital Management Inc boosted its stake in Jackson Financial by 161.9% in the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after buying an additional 340 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Jackson Financial in the 1st quarter valued at $67,000. Institutional investors own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on JXN shares. Barclays increased their price objective on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Morgan Stanley increased their target price on shares of Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. 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 research report on Monday, August 11th. Finally, 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. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $101.20.

Jackson Financial Price Performance

Shares of JXN stock traded down $0.65 during trading hours on Wednesday, reaching $97.89. 445,275 shares of the company were exchanged, compared to its average volume of 754,202. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week 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's fifty day moving average is $89.56 and its two-hundred day moving average is $84.96. The company has a market cap of $6.82 billion, a price-to-earnings ratio of -1,631.19 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last posted 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. The firm had revenue of ($471.00) million for the quarter, compared to the consensus estimate of $1.77 billion. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%.The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.32 EPS. Sell-side analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

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 dividend of $0.80 per share. The ex-dividend date is Monday, September 15th. This represents a $3.20 dividend on an annualized basis and a yield of 3.3%. Jackson Financial's dividend payout ratio is presently -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.