Jackson Financial Inc. (NYSE:JXN) Position Boosted by Four Tree Island Advisory LLC

Four Tree Island Advisory LLC grew its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,950 shares of the company's stock after buying an additional 11,333 shares during the quarter. Jackson Financial makes up 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 SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Jackson Financial by 18.6% during the 1st quarter. GAMMA Investing LLC now owns 2,108 shares of the company's stock worth $177,000 after purchasing an additional 330 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Jackson Financial by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,635 shares of the company's stock worth $388,000 after buying an additional 547 shares during the period. Principal Financial Group Inc. increased its position in Jackson Financial by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 429,789 shares of the company's stock worth $36,008,000 after buying an additional 11,805 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Jackson Financial by 670.0% during the first quarter. SG Americas Securities LLC now owns 15,393 shares of the company's stock worth $1,290,000 after buying an additional 13,394 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Jackson Financial by 48.9% in the fourth quarter. Deutsche Bank AG now owns 65,617 shares of the company's stock valued at $5,714,000 after acquiring an additional 21,556 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Trading Up 1.6%

Shares of NYSE:JXN traded up $1.44 during trading on Tuesday, reaching $88.73. 499,556 shares of the company were exchanged, compared to its average volume of 748,314. The firm has a market capitalization of $6.34 billion, a PE ratio of 4.44 and a beta of 1.47. The business's fifty day simple moving average is $85.33 and its 200-day simple moving average is $84.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.29. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22.

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

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a $0.80 dividend. The ex-dividend date was Thursday, June 12th. This represents a $3.20 dividend on an annualized basis and a yield of 3.61%. Jackson Financial's payout ratio is 310.68%.

Analyst Ratings Changes

JXN has been the topic of several research reports. 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 boosted their price target on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods upped their target price on Jackson Financial from $100.00 to $102.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.