Invesco Ltd. Has $49.71 Million Stock Position in Jackson Financial Inc. $JXN

Key Points

• Invesco Ltd. reduced its stake in Jackson Financial Inc. by 20.4% in Q1, holding 593,311 shares valued at approximately $49.7 million.
• Equities analysts have a mixed outlook on Jackson Financial, with a consensus price target of $100 and ratings ranging from sell to buy.
• Jackson Financial announced a quarterly dividend of $0.80 per share, with an annual yield of 3.4%, set to be paid on September 25th.

Invesco Ltd. decreased its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 20.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 593,311 shares of the company's stock after selling 152,014 shares during the quarter. Invesco Ltd. owned 0.82% of Jackson Financial worth $49,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in Jackson Financial by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,084,560 shares of the company's stock valued at $90,864,000 after purchasing an additional 5,320 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Jackson Financial by 0.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock valued at $94,305,000 after purchasing an additional 4,987 shares in the last quarter. Northern Trust Corp grew its stake in Jackson Financial by 12.1% in the fourth quarter. Northern Trust Corp now owns 953,082 shares of the company's stock valued at $82,994,000 after purchasing an additional 102,953 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Jackson Financial by 385.3% in the first quarter. Assenagon Asset Management S.A. now owns 874,771 shares of the company's stock valued at $73,288,000 after purchasing an additional 694,518 shares in the last quarter. Finally, LSV Asset Management grew its stake in Jackson Financial by 11.1% in the first quarter. LSV Asset Management now owns 651,798 shares of the company's stock valued at $54,608,000 after purchasing an additional 65,239 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Performance

Shares of NYSE JXN traded up $0.5560 during trading hours on Wednesday, hitting $96.2960. 454,522 shares of the company's stock were exchanged, compared to its average volume of 762,112. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $115.22. 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 stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of -1,604.67 and a beta of 1.46. The company's 50-day moving average price is $88.14 and its 200-day moving average price is $84.77.

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

Jackson Financial Announces Dividend

The firm 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 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial's payout ratio is currently -5,333.33%.

Analysts Set New Price Targets

A number of brokerages have commented on JXN. Morgan Stanley boosted 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. Jefferies Financial Group boosted their target price on Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods boosted 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. Finally, Barclays boosted their target price on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $101.20.

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.