Jackson Financial Inc. $JXN Stock Holdings Decreased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in Jackson Financial Inc. by 21.5%, now holding approximately 2.67% of the company's shares worth $159.5 million.
• Multiple hedge funds have increased their holdings in Jackson Financial, with Raiffeisen Bank International AG raising its stake by 11.7%.
• Jackson Financial has declared a quarterly dividend of $0.80 per share, reflecting an annualized yield of 3.3%, to be paid on September 25th.

Goldman Sachs Group Inc. decreased its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 21.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,904,019 shares of the company's stock after selling 520,401 shares during the period. Goldman Sachs Group Inc. owned about 2.67% of Jackson Financial worth $159,519,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

JXN has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective 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. Keefe, Bruyette & Woods upped their target price on Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a report on Monday, August 11th. Jefferies Financial Group raised their price target on Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Finally, Barclays boosted 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. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $101.20.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $96.85 on Thursday. The firm's 50 day moving average is $91.78 and its two-hundred day moving average is $85.40. The firm has a market capitalization of $6.75 billion, a P/E ratio of -1,613.88 and a beta of 1.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22.

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

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial's dividend payout ratio (DPR) is -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.

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