Amundi Acquires 68,138 Shares of Jackson Financial Inc. $JXN

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 boosted its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 90.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,795 shares of the company's stock after purchasing an additional 68,138 shares during the period. Amundi owned 0.20% of Jackson Financial worth $12,047,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Jackson Financial by 18.6% during the first quarter. GAMMA Investing LLC now owns 2,108 shares of the company's stock valued at $177,000 after purchasing an additional 330 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Jackson Financial by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,635 shares of the company's stock worth $388,000 after purchasing an additional 547 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Jackson Financial by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 429,789 shares of the company's stock worth $36,008,000 after purchasing an additional 11,805 shares during the last quarter. Richard Bernstein Advisors LLC bought a new position in Jackson Financial during the first quarter valued at about $3,069,000. Finally, SG Americas Securities LLC boosted its stake in Jackson Financial by 670.0% during the first quarter. SG Americas Securities LLC now owns 15,393 shares of the company's stock worth $1,290,000 after buying an additional 13,394 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JXN shares. Keefe, Bruyette & Woods upped their price objective 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. Barclays increased their price target on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Jefferies Financial Group increased their target price on Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Finally, Morgan Stanley increased their target price on Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Jackson Financial currently has a consensus rating of "Hold" and a consensus target price of $101.20.

Jackson Financial Price Performance

JXN traded down $1.31 during trading on Friday, hitting $97.71. 596,003 shares of the stock traded hands, compared to its average volume of 459,258. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 5.15 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50 day moving average price of $92.16 and a 200 day moving average price of $85.59.

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

Jackson Financial Dividend Announcement

The business 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 dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial's dividend payout ratio (DPR) is currently -5,333.33%.

Jackson Financial 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.