EntryPoint Capital LLC Buys Shares of 2,745 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 purchased a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,745 shares of the company's stock, valued at approximately $230,000.

Other large investors have also bought and sold shares of the company. Donald Smith & CO. Inc. raised its stake in shares of Jackson Financial by 7.0% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,666,047 shares of the company's stock worth $139,581,000 after purchasing an additional 108,758 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Jackson Financial by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,084,560 shares of the company's stock valued at $90,864,000 after acquiring an additional 5,320 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Jackson Financial by 0.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock valued at $94,305,000 after acquiring an additional 4,987 shares during the period. Northern Trust Corp increased its position in shares of Jackson Financial by 12.1% during the fourth quarter. Northern Trust Corp now owns 953,082 shares of the company's stock valued at $82,994,000 after buying an additional 102,953 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Jackson Financial by 385.3% during the first quarter. Assenagon Asset Management S.A. now owns 874,771 shares of the company's stock valued at $73,288,000 after buying an additional 694,518 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on JXN. Morgan Stanley boosted their price objective on Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Barclays upped their price target on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Jefferies Financial Group lifted their price objective on Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Jackson Financial has a consensus rating of "Hold" and an average target price of $101.20.

Jackson Financial Stock Performance

NYSE JXN traded up $0.82 during trading hours on Friday, hitting $99.06. The company's stock had a trading volume of 92,631 shares, compared to its average volume of 748,180. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $115.22. The company's 50 day simple moving average is $90.05 and its two-hundred day simple moving average is $85.08. The company has a market cap of $6.90 billion, a P/E ratio of -1,649.56 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.61 by $0.26. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The firm had revenue of ($471.00) million during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the firm earned $5.32 EPS. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, sell-side 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 will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, September 15th. Jackson Financial's dividend payout ratio is currently -5,333.33%.

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.