Easterly Investment Partners LLC Has $16.80 Million Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Easterly Investment Partners LLC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 55.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,479 shares of the company's stock after purchasing an additional 71,194 shares during the quarter. Jackson Financial accounts for approximately 1.4% of Easterly Investment Partners LLC's portfolio, making the stock its 15th biggest position. Easterly Investment Partners LLC owned about 0.28% of Jackson Financial worth $16,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in Jackson Financial in the fourth quarter valued at approximately $1,160,000. PNC Financial Services Group Inc. lifted its holdings in shares of Jackson Financial by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,118 shares of the company's stock worth $272,000 after purchasing an additional 199 shares during the period. HighTower Advisors LLC lifted its stake in shares of Jackson Financial by 74.8% in the 4th quarter. HighTower Advisors LLC now owns 5,823 shares of the company's stock worth $507,000 after acquiring an additional 2,491 shares during the period. Avantax Advisory Services Inc. raised its holdings in Jackson Financial by 7.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 4,451 shares of the company's stock worth $388,000 after purchasing an additional 290 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Jackson Financial by 241.5% during the fourth quarter. Corient Private Wealth LLC now owns 13,460 shares of the company's stock worth $1,173,000 after purchasing an additional 9,518 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JXN shares. Barclays upped their target price on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Morgan Stanley set a $91.00 price objective on Jackson Financial and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods increased their target price on Jackson Financial from $100.00 to $102.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $96.40.

Jackson Financial Stock Up 2.6%

JXN traded up $2.25 during trading on Thursday, reaching $88.59. 621,713 shares of the stock traded hands, compared to its average volume of 749,128. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The stock's 50-day simple moving average is $85.26 and its two-hundred day simple moving average is $85.03. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 86.01 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.29.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.93 by $0.17. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The business had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the previous year, the firm earned $4.23 EPS. The firm's revenue was down .6% compared to the same quarter last year. As a group, equities research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $3.20 annualized dividend and a yield of 3.61%. 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.