EntryPoint Capital LLC Takes $230,000 Position in Jackson Financial Inc. $JXN

Key Points

• EntryPoint Capital LLC has made a new investment in Jackson Financial Inc., acquiring 2,745 shares for approximately $230,000.
• Jackson Financial recently announced a quarterly dividend of $0.80, providing a 3.2% yield for shareholders.
• Analyst ratings show a consensus of "Hold" for Jackson Financial with an average price target of $101.20.

EntryPoint Capital LLC bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,745 shares of the company's stock, valued at approximately $230,000.

A number of other hedge funds have also recently modified their holdings of JXN. Mariner LLC boosted its holdings in shares of Jackson Financial by 14.9% during the 4th quarter. Mariner LLC now owns 5,086 shares of the company's stock valued at $443,000 after buying an additional 659 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Jackson Financial by 188.8% during the 4th quarter. NewEdge Advisors LLC now owns 6,363 shares of the company's stock valued at $554,000 after buying an additional 4,160 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Jackson Financial by 3.7% in the 4th quarter. MetLife Investment Management LLC now owns 45,046 shares of the company's stock worth $3,923,000 after purchasing an additional 1,592 shares in the last quarter. MML Investors Services LLC boosted its stake in Jackson Financial by 1.7% in the 4th quarter. MML Investors Services LLC now owns 13,530 shares of the company's stock worth $1,178,000 after purchasing an additional 225 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Jackson Financial by 826.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,751 shares of the company's stock worth $327,000 after purchasing an additional 3,346 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $98.5270 on Friday. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The business has a 50-day simple moving average of $88.99 and a two-hundred day simple moving average of $84.88. 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 firm has a market cap of $6.86 billion, a price-to-earnings ratio of -1,641.84 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its 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 return on equity of 14.73% and a net margin of 1.73%.The business had revenue of ($471.00) million during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm earned $5.32 EPS. Jackson Financial's revenue was down 3.3% on a year-over-year basis. On average, analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be given 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 yield of 3.2%. Jackson Financial's payout ratio is -5,333.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on JXN shares. Keefe, Bruyette & Woods upped 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 note on Monday, August 11th. Barclays upped their price target on shares of Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Jefferies Financial Group upped their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Finally, Morgan Stanley upped 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 note on Monday, August 18th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Jackson Financial currently has a consensus rating of "Hold" and an average 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.

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