FORA Capital LLC Grows Stock Position in Jackson Financial Inc. $JXN

Key Points

• FORA Capital LLC increased its stake in Jackson Financial Inc. by 42.8%, owning 22,058 shares valued at approximately $1.85 million after acquiring an additional 6,612 shares.
• Jackson Financial's most recent earnings report indicated an EPS of $4.87, surpassing expectations, despite a 3.3% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.80 per share, translating to an annual yield of 3.2%, with the ex-dividend date set for September 15th.

FORA Capital LLC boosted its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 42.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,058 shares of the company's stock after buying an additional 6,612 shares during the period. FORA Capital LLC's holdings in Jackson Financial were worth $1,848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JXN. Quarry LP purchased a new position in shares of Jackson Financial during the 4th quarter worth about $28,000. NBC Securities Inc. acquired a new position in Jackson Financial during the first quarter worth approximately $37,000. Brooklyn Investment Group raised its stake in Jackson Financial by 987.0% during the first quarter. Brooklyn Investment Group now owns 500 shares of the company's stock worth $42,000 after purchasing an additional 454 shares during the period. Versant Capital Management Inc raised its stake in Jackson Financial by 161.9% during the first quarter. Versant Capital Management Inc now owns 550 shares of the company's stock worth $46,000 after purchasing an additional 340 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Jackson Financial in the 1st quarter valued at $67,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Analyst Ratings Changes

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

Jackson Financial Trading Up 0.8%

Shares of JXN opened at $98.52 on Wednesday. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $115.22. The stock's 50-day moving average is $89.56 and its two-hundred day moving average is $84.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $6.86 billion, a PE ratio of -1,641.79 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its 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. The business had revenue of ($471.00) million for the quarter, compared to the consensus estimate of $1.77 billion. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%.The company's revenue was down 3.3% on a year-over-year basis. During the same period last year, the business posted $5.32 EPS. Equities analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share 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 of this dividend is Monday, September 15th. Jackson Financial's payout ratio is presently -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.

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