CWA Asset Management Group LLC Purchases 4,329 Shares of Jackson Financial Inc. (NYSE:JXN)

CWA Asset Management Group LLC boosted its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 36.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,227 shares of the company's stock after purchasing an additional 4,329 shares during the quarter. CWA Asset Management Group LLC's holdings in Jackson Financial were worth $1,359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vicus Capital bought a new stake in shares of Jackson Financial in the first quarter valued at about $224,000. Janney Montgomery Scott LLC raised its stake in Jackson Financial by 5.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 53,433 shares of the company's stock worth $4,477,000 after purchasing an additional 2,726 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Jackson Financial by 0.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 22,867 shares of the company's stock worth $1,916,000 after purchasing an additional 206 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Jackson Financial by 15.7% during the 1st quarter. Ritholtz Wealth Management now owns 22,098 shares of the company's stock worth $1,851,000 after purchasing an additional 3,006 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Jackson Financial by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,635 shares of the company's stock worth $388,000 after purchasing an additional 547 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JXN has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday, May 13th. Morgan Stanley set a $91.00 price target on Jackson Financial and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Barclays increased their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $94.80.

Insider Activity at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the transaction, the chief executive officer now directly owns 116,423 shares in the company, valued at approximately $8,093,726.96. This represents a 15.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by insiders.

Jackson Financial Trading Up 2.3%

Shares of JXN stock opened at $85.84 on Friday. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The stock's fifty day moving average price is $80.85 and its two-hundred day moving average price is $85.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $6.13 billion, a PE ratio of 83.34 and a beta of 1.47.

Jackson Financial (NYSE:JXN - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.93 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.23 earnings per share. Equities analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's dividend payout ratio is 310.68%.

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.

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