Kestra Advisory Services LLC Decreases Stock Position in Jackson Financial Inc. $JXN

Key Points

• Kestra Advisory Services LLC reduced its stake in Jackson Financial Inc. by 72.3% during Q1, now holding 16,454 shares worth approximately $1.38 million.
• Analysts have increased their price targets for Jackson Financial, with Keefe, Bruyette & Woods raising it from $102 to $105 and Barclays from $108 to $114.
• Jackson Financial recently announced a quarterly dividend of $0.80 per share, representing an annualized yield of 3.2%.

Kestra Advisory Services LLC trimmed its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 72.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,454 shares of the company's stock after selling 42,910 shares during the period. Kestra Advisory Services LLC's holdings in Jackson Financial were worth $1,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CW Advisors LLC bought a new position in Jackson Financial during the first quarter valued at $547,000. EntryPoint Capital LLC bought a new position in Jackson Financial during the first quarter valued at $230,000. Credit Agricole S A grew its holdings in Jackson Financial by 74.2% during the first quarter. Credit Agricole S A now owns 30,718 shares of the company's stock valued at $2,574,000 after purchasing an additional 13,080 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in Jackson Financial during the first quarter valued at $130,000. Finally, Quantbot Technologies LP grew its holdings in Jackson Financial by 24.1% during the first quarter. Quantbot Technologies LP now owns 88,924 shares of the company's stock valued at $7,450,000 after purchasing an additional 17,249 shares during the period. 89.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Jackson Financial Price Performance

NYSE JXN traded up $1.67 during trading hours on Thursday, reaching $98.37. 135,558 shares of the stock traded hands, compared to its average volume of 742,438. The stock has a 50 day simple moving average of $91.02 and a two-hundred day simple moving average of $85.20. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $6.85 billion, a price-to-earnings ratio of -1,639.48 and a beta of 1.46.

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

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be issued a $0.80 dividend. The ex-dividend date is Monday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. Jackson Financial's payout ratio is currently -5,333.33%.

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.