Massachusetts Financial Services Co. MA Buys 18,472 Shares of Jackson Financial Inc. (NYSE:JXN)

Massachusetts Financial Services Co. MA boosted its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 15.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 140,882 shares of the company's stock after buying an additional 18,472 shares during the period. Massachusetts Financial Services Co. MA owned 0.19% of Jackson Financial worth $11,803,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Quarry LP bought a new position in shares of Jackson Financial during the 4th quarter valued at about $28,000. NBC Securities Inc. bought a new position in shares of Jackson Financial during the 1st quarter valued at about $37,000. Versant Capital Management Inc boosted its holdings in shares of Jackson Financial by 161.9% during the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after purchasing an additional 340 shares during the last quarter. HWG Holdings LP bought a new stake in Jackson Financial in the 1st quarter worth approximately $72,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Jackson Financial in the 4th quarter worth approximately $79,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Trading Up 1.1%

Shares of NYSE:JXN traded up $0.99 during trading on Wednesday, reaching $89.51. The company's stock had a trading volume of 299,714 shares, compared to its average volume of 746,337. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.43. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $115.22. The firm's 50 day simple moving average is $85.38 and its two-hundred day simple moving average is $85.04. The stock has a market capitalization of $6.39 billion, a PE ratio of 86.91 and a beta of 1.47.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.93 by $0.17. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm earned $4.23 earnings per share. The firm's quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, June 12th. Jackson Financial's payout ratio is currently 310.68%.

Wall Street Analysts Forecast Growth

JXN has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their price objective on Jackson Financial from $100.00 to $102.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 9th. Barclays lifted their price objective on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Finally, Morgan Stanley set a $91.00 price objective on Jackson Financial and gave the stock an "equal weight" rating in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $96.40.

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.