Jump Financial LLC Acquires New Holdings in Jackson Financial Inc. $JXN

Key Points

• Jump Financial LLC has acquired a new stake in Jackson Financial Inc., purchasing 97,600 shares valued at approximately $8.2 million, which represents 0.13% of the company.
• Jackson Financial recently announced a quarterly dividend of $0.80, with a dividend yield of 3.2%, to be paid on September 25th.
• Securities analysts have adjusted their price targets for Jackson Financial, with a consensus rating of "Hold" and an average price target of $101.20.

Jump Financial LLC purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 97,600 shares of the company's stock, valued at approximately $8,177,000. Jump Financial LLC owned approximately 0.13% of Jackson Financial at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Jackson Financial during the 4th quarter worth about $28,000. NBC Securities Inc. acquired a new position in Jackson Financial in the 1st quarter valued at about $37,000. Brooklyn Investment Group boosted its holdings in Jackson Financial by 987.0% in the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company's stock valued at $42,000 after purchasing an additional 454 shares during the period. Versant Capital Management Inc boosted its holdings in Jackson Financial by 161.9% in 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 period. Finally, New Age Alpha Advisors LLC bought a new stake in Jackson Financial in the 1st quarter valued at about $67,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JXN. Barclays upped their price target on shares of Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Morgan Stanley upped their price target on shares of Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Jefferies Financial Group increased their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Jackson Financial has a consensus rating of "Hold" and an average price target of $101.20.

Jackson Financial Stock Up 0.6%

Shares of JXN traded up $0.59 during trading hours on Friday, reaching $98.83. 231,223 shares of the stock traded hands, compared to its average volume of 748,956. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The stock has a fifty day simple moving average of $90.05 and a 200 day simple moving average of $85.08. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.46. The company has a market cap of $6.88 billion, a price-to-earnings ratio of -1,646.88 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $4.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.61 by $0.26. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The business had revenue of ($471.00) million during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company posted $5.32 earnings per share. The firm's quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be paid a $0.80 dividend. The ex-dividend date is Monday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 3.2%. Jackson Financial's dividend payout ratio (DPR) is presently -5,333.33%.

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.