Florida Financial Advisors LLC Makes New Investment in Jackson Financial Inc. (NYSE:JXN)

Florida Financial Advisors LLC bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,587 shares of the company's stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Jackson Financial during the 4th quarter valued at approximately $28,000. NBC Securities Inc. bought a new position in shares of Jackson Financial during the 1st quarter valued at approximately $37,000. Versant Capital Management Inc grew 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 valued at $46,000 after acquiring an additional 340 shares during the period. HWG Holdings LP bought a new position in shares of Jackson Financial during the 1st quarter valued at approximately $72,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Jackson Financial during the 4th quarter valued at approximately $79,000. 89.96% of the stock is owned by institutional investors.

Jackson Financial Price Performance

NYSE JXN traded down $0.72 on Friday, hitting $87.81. The stock had a trading volume of 190,503 shares, compared to its average volume of 790,159. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 85.30 and a beta of 1.47. The firm has a 50-day moving average of $85.26 and a 200-day moving average of $85.03.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.93 by $0.17. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. The firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter last year, the company posted $4.23 EPS. The business's quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Thursday, June 12th. Jackson Financial's dividend payout ratio is currently 310.68%.

Analyst Ratings Changes

A number of analysts recently commented on JXN shares. 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 research note on Monday, July 7th. Morgan Stanley set a $91.00 price target on shares of Jackson Financial and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Jackson Financial from $100.00 to $102.00 and gave the company a "market perform" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $96.40.

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.