Intech Investment Management LLC Grows Stock Position in Jackson Financial Inc. $JXN

Key Points

• Intech Investment Management LLC increased its stake in Jackson Financial Inc. by 29.2%, now owning 58,000 shares valued at approximately $4.86 million.
• Jackson Financial recently announced a quarterly dividend of $0.80 per share, representing a dividend yield of 3.3% with an ex-dividend date of September 15th.
• Wall Street analysts have a consensus target price of $101.20 for Jackson Financial, with ratings varying from Buy to Sell based on recent evaluations.

Intech Investment Management LLC increased its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 29.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,000 shares of the company's stock after acquiring an additional 13,110 shares during the quarter. Intech Investment Management LLC owned about 0.08% of Jackson Financial worth $4,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of JXN. NBC Securities Inc. purchased a new stake in shares of Jackson Financial in the 1st quarter worth about $37,000. Brooklyn Investment Group lifted its holdings in Jackson Financial by 987.0% in the first quarter. Brooklyn Investment Group now owns 500 shares of the company's stock worth $42,000 after buying an additional 454 shares during the period. Versant Capital Management Inc lifted its holdings in Jackson Financial by 161.9% in the first quarter. Versant Capital Management Inc now owns 550 shares of the company's stock worth $46,000 after buying an additional 340 shares during the period. Banque Transatlantique SA purchased a new stake in Jackson Financial in the first quarter worth about $46,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Jackson Financial in the first quarter worth about $67,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on JXN. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a research note on Monday, August 11th. Morgan Stanley raised their target price on Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Barclays raised their price objective on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Zacks Research lowered Jackson Financial from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 12th. Finally, Jefferies Financial Group lifted their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Jackson Financial currently has an average rating of "Hold" and a consensus price target of $101.20.

Jackson Financial Stock Performance

Shares of JXN traded up $2.63 during mid-day trading on Thursday, hitting $99.42. 316,599 shares of the company traded hands, compared to its average volume of 735,596. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a 50-day moving average price of $92.65 and a two-hundred day moving average price of $85.73. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of -1,656.69 and a beta of 1.46.

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

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, September 15th. Jackson Financial's dividend payout ratio is -5,333.33%.

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.