523,150 Shares in Jackson Financial Inc. $JXN Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 523,150 shares of Jackson Financial Inc., valued at approximately $43.83 million, representing 0.72% ownership as of their latest SEC filing.
• Jackson Financial announced a quarterly dividend of $0.80 per share, resulting in a projected annual yield of 3.4%, with the ex-dividend date set for September 15th.
• Despite a 2.0% decline in stock price recently, Jackson Financial reported a substantial earnings per share of $4.87, exceeding estimates, although revenues showed a year-over-year decrease.

Nuveen LLC bought a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 523,150 shares of the company's stock, valued at approximately $43,830,000. Nuveen LLC owned 0.72% of Jackson Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JXN. Quarry LP purchased a new position in Jackson Financial in the 4th quarter valued at about $28,000. NBC Securities Inc. acquired a new position in shares of Jackson Financial in the first quarter worth about $37,000. Versant Capital Management Inc boosted its holdings in 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. New Age Alpha Advisors LLC acquired a new stake in Jackson Financial during the 1st quarter valued at approximately $67,000. Finally, HWG Holdings LP purchased a new stake in Jackson Financial during the 1st quarter worth approximately $72,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Performance

JXN stock traded down $0.22 during trading on Wednesday, reaching $95.52. 157,931 shares of the company's stock were exchanged, compared to its average volume of 760,186. 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 $6.65 billion, a PE ratio of -1,593.48 and a beta of 1.46. The company's fifty day moving average price is $88.14 and its 200-day moving average price is $84.77. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46.

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

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.20 annualized dividend and a yield of 3.4%. Jackson Financial's dividend payout ratio (DPR) is currently -5,333.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JXN. Barclays raised their price target 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. Morgan Stanley raised their price objective on shares of Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a report on Monday. Jefferies Financial Group boosted their target price 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 target 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 research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Jackson Financial has an average rating of "Hold" and an average price target of $101.20.

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.