Invst LLC Buys New Shares in Jackson Financial Inc. $JXN

Key Points

• Invst LLC has acquired 7,669 shares of Jackson Financial Inc. (NYSE:JXN) valued at approximately $643,000.
• Jackson Financial announced a quarterly dividend of $0.80, with a dividend yield of 3.3%, to be paid on September 25th.
• Analysts have set a consensus target price of $101.20 for Jackson Financial, with recent ratings ranging from Buy to Hold among several research firms.

Invst LLC purchased a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,669 shares of the company's stock, valued at approximately $643,000.

Other hedge funds have also modified their holdings of the company. Raiffeisen Bank International AG grew its holdings in shares of Jackson Financial by 11.7% during the first quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company's stock worth $106,000 after purchasing an additional 133 shares during the last quarter. CWM LLC grew its holdings in Jackson Financial by 7.9% during the 1st quarter. CWM LLC now owns 1,975 shares of the company's stock worth $165,000 after acquiring an additional 145 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in Jackson Financial by 1.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 14,096 shares of the company's stock valued at $1,181,000 after acquiring an additional 166 shares in the last quarter. Xponance Inc. raised its stake in shares of Jackson Financial by 2.5% in the first quarter. Xponance Inc. now owns 6,738 shares of the company's stock worth $565,000 after acquiring an additional 166 shares during the last quarter. Finally, Ethic Inc. lifted its position in shares of Jackson Financial by 3.9% during the first quarter. Ethic Inc. now owns 5,433 shares of the company's stock worth $459,000 after purchasing an additional 204 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Up 2.8%

Shares of Jackson Financial stock traded up $2.71 on Thursday, hitting $99.50. The company had a trading volume of 350,584 shares, compared to its average volume of 735,703. The stock has a 50-day moving average of $92.65 and a 200-day moving average of $85.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The firm has a market capitalization of $6.93 billion, a P/E ratio of -1,658.19 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last posted 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 business had revenue of ($471.00) million for 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 revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.32 EPS. Research analysts predict 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. Investors of record on Monday, September 15th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial's dividend payout ratio (DPR) is currently -5,333.33%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JXN. Barclays boosted their price objective on shares of Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Keefe, Bruyette & Woods upped their price target 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. Jefferies Financial Group lifted their target price on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Zacks Research lowered Jackson Financial from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 12th. Finally, Morgan Stanley upped their price objective on Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Jackson Financial currently has a consensus rating of "Hold" and a consensus target price of $101.20.

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.