Jackson Financial Inc. $JXN Shares Sold by Gordian Capital Singapore Pte Ltd

Key Points

• Gordian Capital Singapore Pte Ltd reduced its stake in Jackson Financial Inc. by 31.8%, selling 4,900 shares during the first quarter, leaving them with 10,500 shares worth $880,000.
• Several institutional investors, including Raiffeisen Bank International AG and CWM LLC, have increased their holdings in Jackson Financial, demonstrating ongoing institutional interest in the company.
• Analysts have raised their price targets for Jackson Financial, with a consensus target of $101.20, while the stock currently trades around $98.20.

Gordian Capital Singapore Pte Ltd lowered its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 31.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,500 shares of the company's stock after selling 4,900 shares during the quarter. Gordian Capital Singapore Pte Ltd's holdings in Jackson Financial were worth $880,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Jackson Financial during the fourth quarter worth approximately $28,000. NBC Securities Inc. acquired a new stake in shares of Jackson Financial during the first quarter worth approximately $37,000. Brooklyn Investment Group grew its position in shares of 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 buying an additional 454 shares in the last quarter. Versant Capital Management Inc lifted 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 last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Jackson Financial during the first quarter worth $67,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on JXN shares. 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 research note on Monday, August 11th. Morgan Stanley raised their price objective on Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Jefferies Financial Group raised their price objective on Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Finally, 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. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $101.20.

Jackson Financial Stock Performance

JXN stock traded up $0.59 during mid-day trading on Monday, reaching $98.83. The company had a trading volume of 395,836 shares, compared to its average volume of 595,304. 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 stock has a market capitalization of $6.88 billion, a P/E ratio of -1,646.88 and a beta of 1.46. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $115.22. The stock's 50-day simple moving average is $90.33 and its two-hundred day simple moving average is $85.02.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $4.87 earnings per share for the quarter, beating analysts' consensus estimates of $4.61 by $0.26. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The business had revenue of ($471.00) million for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the business earned $5.32 earnings per share. The company's revenue was down 3.3% on a year-over-year basis. Research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be paid 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 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.