Four Tree Island Advisory LLC Purchases 11,333 Shares of Jackson Financial Inc. (NYSE:JXN)

Four Tree Island Advisory LLC boosted its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 5.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 232,950 shares of the company's stock after purchasing an additional 11,333 shares during the quarter. Jackson Financial comprises 13.7% of Four Tree Island Advisory LLC's portfolio, making the stock its 2nd largest position. Four Tree Island Advisory LLC owned about 0.32% of Jackson Financial worth $19,517,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of JXN. First Trust Advisors LP raised its holdings in Jackson Financial by 13.4% in the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock valued at $360,036,000 after acquiring an additional 487,803 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Jackson Financial by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company's stock worth $188,522,000 after acquiring an additional 13,362 shares during the last quarter. Norges Bank bought a new position in shares of Jackson Financial during the fourth quarter worth about $98,767,000. Jacobs Levy Equity Management Inc. lifted its holdings in Jackson Financial by 0.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock worth $94,305,000 after purchasing an additional 4,987 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Jackson Financial by 4.2% in the fourth quarter. Federated Hermes Inc. now owns 1,010,490 shares of the company's stock worth $87,993,000 after purchasing an additional 40,828 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JXN. Morgan Stanley set a $91.00 price target on shares of Jackson Financial and gave the company an "equal weight" rating in a report on Monday, May 19th. Barclays upped their target price on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods upped their target price on Jackson Financial from $100.00 to $102.00 and gave the company a "market perform" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Jackson Financial presently has an average rating of "Hold" and a consensus target price of $96.40.

Jackson Financial Price Performance

Shares of NYSE:JXN traded up $0.13 during midday trading on Friday, reaching $87.75. The company's stock had a trading volume of 77,676 shares, compared to its average volume of 776,518. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The company has a market capitalization of $6.27 billion, a P/E ratio of 85.16 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.29. The business's fifty day simple moving average is $85.43 and its 200-day simple moving average is $85.02.

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

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders 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 3.65%. The ex-dividend date was Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

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.