Edgestream Partners L.P. Has $7.68 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

Edgestream Partners L.P. lifted its holdings 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 institutional investor owned 91,652 shares of the company's stock after acquiring an additional 3,339 shares during the quarter. Edgestream Partners L.P. owned approximately 0.13% of Jackson Financial worth $7,679,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Florida Financial Advisors LLC acquired a new position in Jackson Financial in the first quarter worth $299,000. CWM LLC grew its holdings in Jackson Financial by 7.9% during the 1st quarter. CWM LLC now owns 1,975 shares of the company's stock worth $165,000 after acquiring an additional 145 shares during the last quarter. Xponance Inc. increased its position in Jackson Financial by 2.5% in the 1st quarter. Xponance Inc. now owns 6,738 shares of the company's stock valued at $565,000 after acquiring an additional 166 shares in the last quarter. Cerity Partners LLC increased its position in Jackson Financial by 9.1% in the 1st quarter. Cerity Partners LLC now owns 5,383 shares of the company's stock valued at $451,000 after acquiring an additional 448 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Jackson Financial by 1.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 108,944 shares of the company's stock worth $8,913,000 after acquiring an additional 1,153 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Jackson Financial Stock Performance

Shares of Jackson Financial stock traded up $1.02 on Monday, hitting $88.05. The stock had a trading volume of 384,249 shares, compared to its average volume of 799,413. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 85.49 and a beta of 1.47. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The business's 50 day moving average is $84.92 and its two-hundred day moving average is $85.00.

Jackson Financial (NYSE:JXN - Get Free Report) last issued 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 company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.23 EPS. Analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.63%. The ex-dividend date was Thursday, June 12th. Jackson Financial's payout ratio is 310.68%.

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.