Jackson Financial Inc. (NYSE:JXN) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. cut its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 31.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,991 shares of the company's stock after selling 4,587 shares during the period. Stratos Wealth Partners LTD.'s holdings in Jackson Financial were worth $837,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Richard Bernstein Advisors LLC purchased a new stake in Jackson Financial in the first quarter valued at $3,069,000. Envestnet Asset Management Inc. raised its holdings in Jackson Financial by 31.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 19,049 shares of the company's stock valued at $1,596,000 after buying an additional 4,511 shares during the period. World Investment Advisors acquired a new position in Jackson Financial in the first quarter valued at about $287,000. Principal Financial Group Inc. boosted its stake in Jackson Financial by 2.8% during the first quarter. Principal Financial Group Inc. now owns 429,789 shares of the company's stock worth $36,008,000 after buying an additional 11,805 shares during the period. Finally, CHURCHILL MANAGEMENT Corp boosted its stake in Jackson Financial by 0.3% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 157,876 shares of the company's stock worth $13,227,000 after buying an additional 429 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. 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. Keefe, Bruyette & Woods upped their price target on Jackson Financial from $100.00 to $102.00 and gave the stock a "market perform" rating in a report on Wednesday. Finally, Barclays lifted their price objective 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Jackson Financial has an average rating of "Hold" and a consensus target price of $96.40.

Jackson Financial Price Performance

Shares of JXN opened at $87.14 on Friday. 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 Inc. has a 1-year low of $64.70 and a 1-year high of $115.22. The stock has a market cap of $6.23 billion, a PE ratio of 84.61 and a beta of 1.47. The firm has a fifty day moving average price of $84.92 and a 200 day moving average price of $85.04.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.93 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $4.23 EPS. As a group, sell-side analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.67%. Jackson Financial's dividend payout ratio (DPR) is presently 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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