Nisa Investment Advisors LLC lessened its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 52.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,532 shares of the company's stock after selling 117,886 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.15% of Jackson Financial worth $9,093,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new position in shares of Jackson Financial during the 4th quarter worth approximately $28,000. NBC Securities Inc. bought a new position in shares of Jackson Financial during the 1st quarter worth approximately $37,000. Versant Capital Management Inc lifted its position 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 worth $46,000 after buying an additional 340 shares during the period. HWG Holdings LP bought a new position in shares of Jackson Financial during the 1st quarter worth approximately $72,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Jackson Financial during the 4th quarter worth approximately $79,000. Institutional investors and hedge funds own 89.96% of the company's stock.
Jackson Financial Stock Up 1.2%
NYSE JXN traded up $1.02 during trading hours on Monday, hitting $88.05. 384,244 shares of the company traded hands, compared to its average volume of 753,670. The business's 50-day moving average is $84.92 and its 200-day moving average is $85.00. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 85.49 and a beta of 1.47.
Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.93 by $0.17. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The firm had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the prior year, the firm posted $4.23 earnings per share. The business's quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current year.
Jackson Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, June 12th. This represents a $3.20 annualized dividend and a yield of 3.63%. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.
Analyst Ratings Changes
Several research firms recently commented on JXN. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $100.00 to $102.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. Barclays raised their target price on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Finally, Morgan Stanley set a $91.00 target price on Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Jackson Financial presently has a consensus rating of "Hold" and an average price target of $96.40.
Get Our Latest Analysis on Jackson Financial
Jackson Financial Profile
(
Free Report)
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.
See Also
Before you consider Jackson Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jackson Financial wasn't on the list.
While Jackson Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
