Nomura Holdings Inc. acquired a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 3,562 shares of the company's stock, valued at approximately $298,000.
Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in Jackson Financial by 385.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 874,771 shares of the company's stock worth $73,288,000 after acquiring an additional 694,518 shares during the last quarter. Nuveen LLC purchased a new stake in Jackson Financial during the 1st quarter valued at $43,830,000. GAMMA Investing LLC raised its stake in Jackson Financial by 9,833.0% during the 1st quarter. GAMMA Investing LLC now owns 176,608 shares of the company's stock valued at $14,796,000 after buying an additional 174,830 shares during the last quarter. Millennium Management LLC increased its stake in shares of Jackson Financial by 3,818.2% in the 4th quarter. Millennium Management LLC now owns 165,976 shares of the company's stock worth $14,453,000 after purchasing an additional 161,740 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Jackson Financial in the 4th quarter worth $12,852,000. 89.96% of the stock is owned by institutional investors.
Jackson Financial Stock Performance
NYSE JXN traded up $2.31 on Thursday, reaching $99.18. 546,444 shares of the company's stock traded hands, compared to its average volume of 456,394. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of -1,652.72 and a beta of 1.46. The stock has a 50 day moving average price of $91.98 and a 200-day moving average price of $85.50. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28.
Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.61 by $0.26. The company had revenue of ($471.00) million during the quarter, compared to the consensus estimate of $1.77 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The firm's quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $5.32 earnings per share. Equities research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal 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 given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, September 15th. Jackson Financial's dividend payout ratio is -5,333.33%.
Analyst Ratings Changes
Several research analysts recently weighed in on JXN shares. Morgan Stanley upped their target price on shares of Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Jefferies Financial Group upped their target price on shares of Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Barclays increased their price objective on shares of Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. 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 equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $101.20.
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About Jackson Financial
(
Free Report)
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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