GSA Capital Partners LLP Acquires Shares of 20,615 Jackson Financial Inc. (NYSE:JXN)

GSA Capital Partners LLP bought a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,615 shares of the company's stock, valued at approximately $1,727,000.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in Jackson Financial during the 4th quarter valued at about $28,000. NBC Securities Inc. purchased a new stake in Jackson Financial during the 1st quarter valued at about $37,000. Versant Capital Management Inc grew its position in Jackson Financial by 161.9% during the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after purchasing an additional 340 shares during the last quarter. HWG Holdings LP purchased a new stake in Jackson Financial during the 1st quarter valued at about $72,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Jackson Financial during the 4th quarter valued at about $79,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on JXN shares. Barclays lifted their price target on shares of Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods raised their price objective on shares of Jackson Financial from $100.00 to $102.00 and gave the stock a "market perform" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley set a $91.00 price objective on shares of Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th.

Jackson Financial Price Performance

NYSE:JXN traded down $3.50 during trading hours on Friday, hitting $84.06. 660,097 shares of the stock traded hands, compared to its average volume of 482,200. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 81.62 and a beta of 1.46. The stock has a 50 day moving average price of $85.83 and a 200 day moving average price of $85.03.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.93 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $1.80 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $4.23 earnings per share. Sell-side analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

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.