Jackson Financial Inc. (NYSE:JXN) Stock Holdings Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 71.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,926 shares of the company's stock after selling 21,806 shares during the quarter. Mackenzie Financial Corp's holdings in Jackson Financial were worth $748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Jackson Financial by 18.6% in the 1st quarter. GAMMA Investing LLC now owns 2,108 shares of the company's stock valued at $177,000 after purchasing an additional 330 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Jackson Financial by 13.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,635 shares of the company's stock valued at $388,000 after buying an additional 547 shares during the period. Principal Financial Group Inc. lifted its position in Jackson Financial by 2.8% during the first quarter. Principal Financial Group Inc. now owns 429,789 shares of the company's stock valued at $36,008,000 after buying an additional 11,805 shares in the last quarter. SG Americas Securities LLC grew its stake in Jackson Financial by 670.0% during the first quarter. SG Americas Securities LLC now owns 15,393 shares of the company's stock worth $1,290,000 after buying an additional 13,394 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Jackson Financial by 48.9% in the fourth quarter. Deutsche Bank AG now owns 65,617 shares of the company's stock worth $5,714,000 after acquiring an additional 21,556 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Morgan Stanley set a $91.00 target price on shares of Jackson Financial and gave the company an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods boosted their price objective 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 upped 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.

Jackson Financial Stock Up 1.7%

Shares of JXN stock traded up $1.47 on Friday, hitting $90.39. The stock had a trading volume of 621,513 shares, compared to its average volume of 775,979. The stock's 50 day moving average is $86.52 and its 200-day moving average is $84.85. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of -1,506.25 and a beta of 1.46. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.29 and a current ratio of 0.28.

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 for the quarter, beating 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 company had revenue of ($471.00) million during the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the prior year, the company posted $5.32 EPS. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. As a group, research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, September 15th. Jackson Financial's dividend payout ratio is -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.