Jackson Financial Inc. (NYSE:JXN) Position Boosted by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. increased its stake in Jackson Financial Inc. by 331.5% in the first quarter, now owning 27,736 shares valued at approximately $2.32 million.
• Jackson Financial reported $5.10 earnings per share for the latest quarter, exceeding expectations and reflecting a net margin of 1.73%, despite a slight year-over-year revenue decline.
• The company recently announced a quarterly dividend of $0.80 per share, representing a yield of 3.8%, although the payout ratio stands at a high 310.68%.

Jefferies Financial Group Inc. increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 331.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 27,736 shares of the company's stock after acquiring an additional 21,308 shares during the period. Jefferies Financial Group Inc.'s holdings in Jackson Financial were worth $2,324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JXN. Quarry LP purchased a new position in shares of Jackson Financial in the fourth quarter valued at approximately $28,000. NBC Securities Inc. acquired a new stake in shares of Jackson Financial in the first quarter valued at approximately $37,000. Versant Capital Management Inc increased its holdings in shares of Jackson Financial by 161.9% in the first 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 acquired a new stake in shares of Jackson Financial in the first quarter valued at approximately $72,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Jackson Financial in the fourth quarter valued at approximately $79,000. 89.96% of the stock is owned by institutional investors.

Jackson Financial Stock Performance

JXN stock traded up $1.81 during trading on Tuesday, hitting $86.46. The company had a trading volume of 1,101,958 shares, compared to its average volume of 510,226. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $86.02 and a 200-day moving average price of $84.86. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $115.22. The firm has a market cap of $6.18 billion, a PE ratio of 83.94 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $4.87 EPS for the quarter, topping analysts' consensus estimates of $4.66 by $0.21. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. During the same quarter in the prior year, the business posted $5.32 earnings per share. The company's revenue was down 3.3% on a year-over-year basis. On average, analysts expect 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 will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.7%. Jackson Financial's dividend payout ratio is currently 310.68%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley set a $91.00 price target on Jackson Financial and gave the company an "equal weight" rating in a report on Monday, May 19th. 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 note on Wednesday, July 9th. Finally, Barclays raised their target price on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th.

Jackson Financial Company 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.