Jackson Financial Inc. (NYSE:JXN) Shares Bought by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has increased its stake in Jackson Financial Inc. by 75%, acquiring an additional 8,338 shares to bring its total holdings to 19,452 shares valued at approximately $1.63 million.
• Jackson Financial recently announced a quarterly dividend of $0.80, which will be paid to investors of record on September 15th, representing a 3.3% dividend yield.
• The company's latest earnings report showed a net margin of 1.73%, with earnings per share of $4.87, surpassing analysts' expectations of $4.61.

Fox Run Management L.L.C. lifted its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 75.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,452 shares of the company's stock after acquiring an additional 8,338 shares during the period. Fox Run Management L.L.C.'s holdings in Jackson Financial were worth $1,630,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of Jackson Financial by 8.9% during the 4th quarter. Bank of Montreal Can now owns 9,926 shares of the company's stock worth $864,000 after purchasing an additional 810 shares during the period. Raymond James Financial Inc. purchased a new position in Jackson Financial in the fourth quarter worth about $27,193,000. Mariner LLC lifted its position in shares of Jackson Financial by 14.9% during the 4th quarter. Mariner LLC now owns 5,086 shares of the company's stock valued at $443,000 after buying an additional 659 shares in the last quarter. Regal Investment Advisors LLC raised its holdings in shares of Jackson Financial by 2.9% during the 4th quarter. Regal Investment Advisors LLC now owns 9,889 shares of the company's stock worth $861,000 after acquiring an additional 275 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Jackson Financial by 188.8% during the 4th quarter. NewEdge Advisors LLC now owns 6,363 shares of the company's stock valued at $554,000 after buying an additional 4,160 shares during the period. Institutional investors own 89.96% of the company's stock.

Wall Street Analyst Weigh In

JXN has been the subject of several research analyst reports. Barclays raised their price objective on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Jefferies Financial Group increased their price objective on Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods raised 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. Finally, Morgan Stanley set a $91.00 target price on Jackson Financial and gave the stock an "equal weight" rating in a research report on Monday, May 19th. One equities research 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 stock currently has an average rating of "Hold" and a consensus price target of $100.00.

Jackson Financial Stock Down 2.0%

NYSE:JXN traded down $1.93 during trading hours on Friday, reaching $94.52. The company had a trading volume of 418,297 shares, compared to its average volume of 600,927. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of -1,575.07 and a beta of 1.46. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46. The business's 50-day simple moving average is $87.70 and its two-hundred day simple moving average is $84.78. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $4.87 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 the consensus estimate of $1.77 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. Jackson Financial's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $5.32 EPS. On average, equities analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial's payout ratio is currently -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.