Dimensional Fund Advisors LP Has $346.02 Million Stake in Jackson Financial Inc. $JXN

Key Points

• Dimensional Fund Advisors LP reduced its stake in Jackson Financial Inc. by 6.1%, now owning 4,130,098 shares, which represents a value of $346 million as of the latest SEC filing.
• Jackson Financial's stock opened at $94.52, with a market cap of $6.75 billion, but has seen a significant drop in quarterly revenue — down 3.3% year-over-year.
• The company announced a quarterly dividend of $0.80 per share, set to be paid on September 25th, representing a dividend yield of 3.4% despite a notably high dividend payout ratio.

Dimensional Fund Advisors LP lessened its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,130,098 shares of the company's stock after selling 268,748 shares during the quarter. Dimensional Fund Advisors LP owned about 5.69% of Jackson Financial worth $346,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. First Trust Advisors LP increased its stake in shares of Jackson Financial by 13.4% during the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock valued at $360,036,000 after acquiring an additional 487,803 shares during the period. Donald Smith & CO. Inc. grew its position in Jackson Financial by 7.0% in the first quarter. Donald Smith & CO. Inc. now owns 1,666,047 shares of the company's stock worth $139,581,000 after buying an additional 108,758 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Jackson Financial by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,084,560 shares of the company's stock worth $90,864,000 after buying an additional 5,320 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Jackson Financial by 0.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock worth $94,305,000 after buying an additional 4,987 shares during the last quarter. Finally, Northern Trust Corp grew its position in Jackson Financial by 12.1% in the fourth quarter. Northern Trust Corp now owns 953,082 shares of the company's stock worth $82,994,000 after buying an additional 102,953 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Jackson Financial Stock Up 0.6%

Shares of NYSE JXN traded up $0.5560 during mid-day trading on Wednesday, reaching $96.2960. The company had a trading volume of 454,522 shares, compared to its average volume of 762,112. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $6.71 billion, a PE ratio of -1,604.67 and a beta of 1.46. The stock's 50 day moving average is $88.14 and its 200-day moving average is $84.77.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share 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 business had revenue of ($471.00) million for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the business posted $5.32 earnings per share. Jackson Financial's revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.3%. Jackson Financial's dividend payout ratio is -5,333.33%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Barclays lifted their price target on shares of Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Morgan Stanley lifted their price target 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $101.20.

About Jackson Financial

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.