Deutsche Bank AG Lowers Holdings in Jackson Financial Inc. $JXN

Deutsche Bank AG cut its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 13.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,533 shares of the company's stock after selling 9,084 shares during the period. Deutsche Bank AG owned about 0.08% of Jackson Financial worth $4,736,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JXN. Bank of Montreal Can increased its position in Jackson Financial by 8.9% during the fourth 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. Mariner LLC increased its position in shares of Jackson Financial by 14.9% during the 4th quarter. Mariner LLC now owns 5,086 shares of the company's stock valued at $443,000 after purchasing an additional 659 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Jackson Financial by 188.8% during the 4th quarter. NewEdge Advisors LLC now owns 6,363 shares of the company's stock valued at $554,000 after purchasing an additional 4,160 shares during the last quarter. Forum Financial Management LP increased its position in shares of Jackson Financial by 27.9% during the 4th quarter. Forum Financial Management LP now owns 3,447 shares of the company's stock valued at $300,000 after purchasing an additional 752 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of Jackson Financial by 3.7% during the 4th quarter. MetLife Investment Management LLC now owns 45,046 shares of the company's stock valued at $3,923,000 after purchasing an additional 1,592 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JXN shares. Jefferies Financial Group upped 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. Barclays upped 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. Keefe, Bruyette & Woods upped their price objective on Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a research note on Monday, August 11th. Finally, Morgan Stanley upped their price target on Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a research report on Monday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $101.20.

Jackson Financial Trading Up 0.6%

JXN traded up $0.5560 on Wednesday, hitting $96.2960. The company had a trading volume of 454,522 shares, compared to its average volume of 762,112. The company has a market cap of $6.71 billion, a PE ratio of -1,604.67 and a beta of 1.46. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46. The business's fifty day simple moving average is $88.14 and its 200 day simple moving average is $84.77. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22.

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, 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 analyst estimates of $1.77 billion. During the same period in the previous year, the firm earned $5.32 earnings per share. Jackson Financial's quarterly revenue was down 3.3% compared to the same quarter last year. Equities research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 3.3%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial's payout ratio 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.