Public Sector Pension Investment Board Has $22.19 Million Position in Jackson Financial Inc. (NYSE:JXN)

Key Points

• The Public Sector Pension Investment Board increased its stake in Jackson Financial Inc. by 43.9% during Q1, owning a total of 264,800 shares valued at approximately $22.19 million.
• Jackson Financial recently reported earnings of $4.87 per share, surpassing estimates, but revenues were down 3.3% year-over-year, totaling ($471 million) for the quarter.
• The firm has announced a $0.80 dividend to be paid on September 25th, reflecting a 3.5% dividend yield with an unusual payout ratio of -5,333.33%.

Public Sector Pension Investment Board increased its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 43.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,800 shares of the company's stock after acquiring an additional 80,772 shares during the quarter. Public Sector Pension Investment Board owned about 0.36% of Jackson Financial worth $22,185,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 330 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Jackson Financial by 13.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,635 shares of the company's stock valued at $388,000 after acquiring an additional 547 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Jackson Financial by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 429,789 shares of the company's stock valued at $36,008,000 after acquiring an additional 11,805 shares in the last quarter. SG Americas Securities LLC increased its stake in Jackson Financial by 670.0% in the first quarter. SG Americas Securities LLC now owns 15,393 shares of the company's stock valued at $1,290,000 after acquiring an additional 13,394 shares during the period. Finally, Deutsche Bank AG raised its position in 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 purchasing an additional 21,556 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Jackson Financial Price Performance

Shares of JXN traded up $2.10 during mid-day trading on Wednesday, hitting $96.39. 542,776 shares of the company traded hands, compared to its average volume of 608,468. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $115.22. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average of $87.18 and a 200 day moving average of $84.84. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of -1,606.23 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 EPS for the quarter, beating the consensus estimate of $4.61 by $0.26. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The business had revenue of ($471.00) million for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the prior year, the firm earned $5.32 earnings per share. Jackson Financial's revenue was down 3.3% compared to the same quarter last year. As a group, equities analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JXN. Jefferies Financial Group lifted their price objective on Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a report on Monday. Morgan Stanley set a $91.00 price objective on Jackson Financial and gave the company an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods lifted their price objective on Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a report on Monday. Finally, Barclays upped their price objective on shares of Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Jackson Financial has an average rating of "Hold" and an average target price of $100.00.

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.