OMERS ADMINISTRATION Corp Buys Shares of 20,000 Jackson Financial Inc. $JXN

Key Points

• OMERS ADMINISTRATION Corp purchased 20,000 shares of Jackson Financial Inc. valued at approximately $1.68 million in the 1st quarter, highlighting renewed interest from institutional investors.
• Jackson Financial has received various price target upgrades from analysts, with Barclays increasing their target from $108 to $114 and Keefe, Bruyette & Woods setting theirs at $105.
• The company declared a quarterly dividend of $0.80 per share, translating to an annual yield of 3.2%, with payment scheduled for September 25th.

OMERS ADMINISTRATION Corp bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the company's stock, valued at approximately $1,676,000.

Other hedge funds have also modified their holdings of the company. Mariner LLC lifted its stake in Jackson Financial by 14.9% in the 4th quarter. Mariner LLC now owns 5,086 shares of the company's stock worth $443,000 after acquiring an additional 659 shares in the last quarter. Quarry LP purchased a new stake in Jackson Financial in the 4th quarter worth about $28,000. Northern Trust Corp lifted its stake in Jackson Financial by 12.1% in the 4th quarter. Northern Trust Corp now owns 953,082 shares of the company's stock worth $82,994,000 after acquiring an additional 102,953 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Jackson Financial in the 4th quarter worth about $1,130,000. Finally, Algert Global LLC lifted its stake in Jackson Financial by 523.2% in the 4th quarter. Algert Global LLC now owns 65,977 shares of the company's stock worth $5,745,000 after acquiring an additional 55,390 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JXN has been the subject of several research analyst reports. Jefferies Financial Group increased their price objective on Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Barclays raised their price target on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. 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 research note on Monday, August 11th. Finally, 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 research note on Monday, August 18th. One 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 company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $101.20.

Jackson Financial Stock Up 1.6%

Shares of NYSE JXN traded up $1.51 during mid-day trading on Thursday, reaching $98.21. 162,788 shares of the company traded hands, compared to its average volume of 742,620. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $6.84 billion, a PE ratio of -1,635.06 and a beta of 1.46. The company's fifty day moving average is $91.02 and its two-hundred day moving average is $85.20. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last issued 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 return on equity of 14.73% and a net margin of 1.73%.The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.32 EPS. On average, 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. Stockholders of record on Monday, September 15th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.3%. Jackson Financial's dividend 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.