Edgestream Partners L.P. raised its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,652 shares of the company's stock after purchasing an additional 3,339 shares during the quarter. Edgestream Partners L.P. owned 0.13% of Jackson Financial worth $7,679,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of JXN. Proficio Capital Partners LLC acquired a new stake in shares of Jackson Financial in the 4th quarter valued at about $1,160,000. PNC Financial Services Group Inc. increased its position in shares of Jackson Financial by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,118 shares of the company's stock valued at $272,000 after acquiring an additional 199 shares during the last quarter. Amundi increased its position in shares of Jackson Financial by 204.9% in the fourth quarter. Amundi now owns 75,657 shares of the company's stock valued at $6,703,000 after acquiring an additional 50,847 shares during the last quarter. Independent Advisor Alliance increased its position in shares of Jackson Financial by 2.7% in the fourth quarter. Independent Advisor Alliance now owns 11,739 shares of the company's stock valued at $1,022,000 after acquiring an additional 309 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Jackson Financial by 74.8% in the fourth quarter. HighTower Advisors LLC now owns 5,823 shares of the company's stock valued at $507,000 after acquiring an additional 2,491 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.
Analyst Ratings Changes
JXN has been the topic of a number of recent research reports. Barclays lifted their target price on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Morgan Stanley set a $91.00 target price on Jackson Financial and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods lifted their target price 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. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $96.40.
Check Out Our Latest Stock Report on Jackson Financial
Jackson Financial Stock Performance
NYSE JXN traded up $2.25 during trading on Thursday, reaching $88.59. 621,713 shares of the company's stock were exchanged, compared to its average volume of 749,128. The business has a 50 day moving average price of $85.26 and a 200-day moving average price of $85.03. The stock has a market capitalization of $6.33 billion, a P/E 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 Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22.
Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate 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 was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.23 earnings per share. Sell-side analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.
Jackson Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.
Jackson Financial Profile
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Free Report)
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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