6,526 Shares in Jackson Financial Inc. $JXN Acquired by CW Advisors LLC

Key Points

• CW Advisors LLC has invested approximately $547,000 in Jackson Financial Inc., acquiring 6,526 shares of the company's stock during the first quarter.
• Recent earnings results show that Jackson Financial reported $4.87 earnings per share for the last quarter, exceeding analyst expectations of $4.61.
• The company announced a quarterly dividend of $0.80 per share, representing an annualized dividend yield of 3.3%.

CW Advisors LLC acquired a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,526 shares of the company's stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JXN. Donald Smith & CO. Inc. raised its stake in Jackson Financial by 7.0% during the first quarter. Donald Smith & CO. Inc. now owns 1,666,047 shares of the company's stock worth $139,581,000 after acquiring an additional 108,758 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Jackson Financial by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,084,560 shares of the company's stock worth $90,864,000 after acquiring an additional 5,320 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Jackson Financial by 0.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock worth $94,305,000 after acquiring an additional 4,987 shares during the period. Northern Trust Corp raised its stake in Jackson Financial by 12.1% during the fourth quarter. Northern Trust Corp now owns 953,082 shares of the company's stock worth $82,994,000 after acquiring an additional 102,953 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Jackson Financial by 385.3% during the first quarter. Assenagon Asset Management S.A. now owns 874,771 shares of the company's stock worth $73,288,000 after acquiring an additional 694,518 shares during the period. 89.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on JXN. Jefferies Financial Group increased their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a research note on Monday, August 11th. Morgan Stanley increased their price objective on shares of Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Finally, Barclays raised 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 research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Jackson Financial presently has a consensus rating of "Hold" and a consensus target price of $101.20.

Jackson Financial Price Performance

Shares of NYSE JXN traded up $0.59 during mid-day trading on Monday, reaching $98.83. 395,836 shares of the company traded hands, compared to its average volume of 595,304. 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 firm has a market cap of $6.88 billion, a PE ratio of -1,646.88 and a beta of 1.46. The stock has a fifty day simple moving average of $90.33 and a 200-day simple moving average of $85.02.

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. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The business had revenue of ($471.00) million for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business earned $5.32 earnings per share. The business's revenue for the quarter was down 3.3% on a year-over-year basis. Equities research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

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 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 is Monday, September 15th. Jackson Financial's dividend payout ratio (DPR) is currently -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.