Jackson Financial Inc. $JXN Shares Acquired by Amundi

Key Points

• Amundi increased its stake in Jackson Financial Inc. by 90.1% in the first quarter, owning 143,795 shares valued at $12 million.
• Jackson Financial reported $4.87 EPS for the most recent quarter, surpassing estimates but seeing a 3.3% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.80 per share, with a dividend yield of 3.3%, scheduled for payment on September 25th.

Amundi raised its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 90.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,795 shares of the company's stock after buying an additional 68,138 shares during the quarter. Amundi owned approximately 0.20% of Jackson Financial worth $12,047,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Ancora Advisors LLC grew its holdings in Jackson Financial by 29.5% in the 1st quarter. Ancora Advisors LLC now owns 91,740 shares of the company's stock valued at $7,686,000 after buying an additional 20,910 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in Jackson Financial in the 1st quarter valued at $257,000. Cubist Systematic Strategies LLC grew its holdings in Jackson Financial by 144.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 253,504 shares of the company's stock valued at $21,239,000 after buying an additional 149,799 shares in the last quarter. Graham Capital Management L.P. grew its holdings in Jackson Financial by 104.1% in the 1st quarter. Graham Capital Management L.P. now owns 25,628 shares of the company's stock valued at $2,147,000 after buying an additional 13,069 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Jackson Financial in the 1st quarter valued at $298,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Trading Down 1.0%

Jackson Financial stock traded down $0.99 during midday trading on Monday, reaching $96.79. 633,102 shares of the stock traded hands, compared to its average volume of 468,144. The company has a 50-day simple moving average of $92.33 and a two-hundred day simple moving average of $85.59. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.46. The firm has a market cap of $6.74 billion, a PE ratio of -1,612.86 and a beta of 1.46. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $0.26. The business had revenue of ($471.00) million during the quarter, compared to analysts' expectations of $1.77 billion. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%.The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $5.32 EPS. Research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, September 15th. Jackson Financial's dividend payout ratio (DPR) is presently -5,333.33%.

Wall Street Analyst Weigh In

JXN has been the subject of several analyst reports. Jefferies Financial Group upped their target price on Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a report on Monday, August 11th. Keefe, Bruyette & Woods upped their target price on shares of Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a research report on Monday, August 11th. Morgan Stanley upped their target price on shares of Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Finally, Barclays upped their target price on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average 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.