Quantbot Technologies LP Acquires 17,249 Shares of Jackson Financial Inc. $JXN

Key Points

• Quantbot Technologies LP increased its holdings in Jackson Financial Inc. by 24.1% during the 1st quarter, acquiring an additional 17,249 shares and bringing its total ownership to approximately $7.45 million.
• Jackson Financial reported $4.87 earnings per share for the latest quarter, exceeding analysts' expectations, although its revenue decreased by 3.3% year-over-year.
• The company declared a quarterly dividend of $0.80, with an annualized yield of 3.4%, set to be paid to shareholders on September 25th.

Quantbot Technologies LP increased its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 24.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,924 shares of the company's stock after acquiring an additional 17,249 shares during the quarter. Quantbot Technologies LP owned about 0.12% of Jackson Financial worth $7,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased 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 worth $177,000 after acquiring an additional 330 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Jackson Financial by 13.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,635 shares of the company's stock worth $388,000 after acquiring an additional 547 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Jackson Financial by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 429,789 shares of the company's stock worth $36,008,000 after acquiring an additional 11,805 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Jackson Financial by 670.0% in the 1st quarter. SG Americas Securities LLC now owns 15,393 shares of the company's stock worth $1,290,000 after acquiring an additional 13,394 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Jackson Financial by 48.9% in the 4th 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. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Stock Performance

JXN opened at $94.52 on Monday. The firm has a market cap of $6.58 billion, a P/E ratio of -1,575.07 and a beta of 1.46. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $115.22. The company has a 50 day simple moving average of $87.70 and a two-hundred day simple moving average of $84.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share for the quarter, topping analysts' consensus estimates of $4.61 by $0.26. The business had revenue of ($471.00) million during 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 company's revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $5.32 earnings per share. Equities analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, September 15th. Jackson Financial's dividend payout ratio is presently -5,333.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JXN. Jefferies Financial Group raised their price target 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 raised their price target on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a research report on Monday, August 11th. Finally, Morgan Stanley set a $91.00 price target on shares of Jackson Financial and gave the company an "equal weight" rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Jackson Financial has a consensus rating of "Hold" and an average target price of $100.00.

Jackson Financial 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.

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