Easterly Investment Partners LLC Increases Stake in Jackson Financial Inc. (NYSE:JXN)

Easterly Investment Partners LLC increased its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 55.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 200,479 shares of the company's stock after buying an additional 71,194 shares during the quarter. Jackson Financial comprises about 1.4% of Easterly Investment Partners LLC's portfolio, making the stock its 15th biggest position. Easterly Investment Partners LLC owned approximately 0.28% of Jackson Financial worth $16,796,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its holdings in Jackson Financial by 7.9% during the first quarter. CWM LLC now owns 1,975 shares of the company's stock valued at $165,000 after purchasing an additional 145 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Jackson Financial by 1.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 14,096 shares of the company's stock worth $1,181,000 after acquiring an additional 166 shares in the last quarter. Xponance Inc. lifted its position in shares of Jackson Financial by 2.5% during the first quarter. Xponance Inc. now owns 6,738 shares of the company's stock worth $565,000 after acquiring an additional 166 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Jackson Financial by 1.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 18,048 shares of the company's stock worth $1,572,000 after acquiring an additional 193 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position 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 acquiring an additional 199 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Price Performance

Shares of NYSE:JXN traded down $1.00 during mid-day trading on Friday, reaching $87.53. The stock had a trading volume of 491,033 shares, compared to its average volume of 749,653. The company has a market cap of $6.25 billion, a P/E ratio of 84.98 and a beta of 1.47. The business's 50 day moving average price is $85.32 and its 200 day moving average price is $85.00. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.43. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22.

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 analysts' consensus estimates of $4.93 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $1.80 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $4.23 EPS. Research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a yield of 3.66%. Jackson Financial's dividend payout ratio (DPR) is 310.68%.

Wall Street Analysts Forecast Growth

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

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.