3,072 Shares in Jackson Financial Inc. $JXN Acquired by EP Wealth Advisors LLC

Key Points

• EP Wealth Advisors LLC has acquired a new stake in Jackson Financial Inc., purchasing 3,072 shares valued at approximately $257,000.
• Analysts have recently adjusted price targets for Jackson Financial, with Morgan Stanley raising it to $97.00, while Barclays increased theirs to $114.00.
• Jackson Financial announced a quarterly $0.80 dividend to be paid out on September 25th, representing an annualized yield of 3.3%.

EP Wealth Advisors LLC acquired a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,072 shares of the company's stock, valued at approximately $257,000.

A number of other hedge funds also recently made changes to their positions in JXN. NBC Securities Inc. acquired a new stake in shares of Jackson Financial during the 1st quarter worth about $37,000. Brooklyn Investment Group increased its position in shares of Jackson Financial by 987.0% during the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company's stock worth $42,000 after purchasing an additional 454 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Jackson Financial by 161.9% during the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company's stock worth $46,000 after purchasing an additional 340 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Jackson Financial during the 1st quarter worth about $67,000. Finally, HWG Holdings LP acquired a new stake in shares of Jackson Financial during the 1st quarter worth about $72,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on JXN shares. Keefe, Bruyette & Woods increased their target price on shares of Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a research report on Monday, August 11th. Jefferies Financial Group raised their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Barclays raised their price objective 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, Morgan Stanley raised their price objective on shares of Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Jackson Financial currently has an average rating of "Hold" and a consensus target price of $101.20.

Jackson Financial Trading Down 1.3%

Shares of NYSE JXN traded down $1.31 during mid-day trading on Friday, hitting $97.71. The company's stock had a trading volume of 596,003 shares, compared to its average volume of 459,258. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 5.15 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 Inc. has a one year low of $64.70 and a one year high of $115.22. The company's fifty day simple moving average is $92.16 and its 200-day simple moving average is $85.59.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $0.26. The company had revenue of ($471.00) million for the quarter, compared to analyst estimates of $1.77 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $5.32 EPS. On average, sell-side analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.20 annualized dividend and a yield of 3.3%. Jackson Financial's dividend payout ratio (DPR) is presently -5,333.33%.

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.