Jackson Financial Inc. (NYSE:JXN) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 429,789 shares of the company's stock after acquiring an additional 11,805 shares during the period. Principal Financial Group Inc. owned approximately 0.59% of Jackson Financial worth $36,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Trust Advisors LP lifted its position in Jackson Financial by 13.4% during the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock worth $360,036,000 after acquiring an additional 487,803 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Jackson Financial by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company's stock valued at $188,522,000 after purchasing an additional 13,362 shares in the last quarter. Norges Bank acquired a new position in shares of Jackson Financial in the 4th quarter valued at approximately $98,767,000. Jacobs Levy Equity Management Inc. raised its position in shares of Jackson Financial by 0.5% in the 4th 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. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Jackson Financial by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company's stock valued at $93,980,000 after purchasing an additional 28,337 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on JXN. Keefe, Bruyette & Woods upped their target price on Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, May 13th. Morgan Stanley set a $91.00 target price on Jackson Financial and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Barclays raised 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. One investment 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 MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $96.00.

Jackson Financial Stock Performance

Shares of JXN opened at $87.99 on Tuesday. The business's fifty day moving average price is $84.26 and its 200 day moving average price is $85.06. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. The stock has a market capitalization of $6.29 billion, a PE ratio of 85.43 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.29.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $4.23 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is 310.68%.

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.

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