Richard Bernstein Advisors LLC Buys Shares of 36,636 Jackson Financial Inc. (NYSE:JXN)

Richard Bernstein Advisors LLC bought a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,636 shares of the company's stock, valued at approximately $3,069,000. Richard Bernstein Advisors LLC owned 0.05% of Jackson Financial as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of Jackson Financial by 18.6% during the first quarter. GAMMA Investing LLC now owns 2,108 shares of the company's stock worth $177,000 after buying an additional 330 shares during the period. Deutsche Bank AG boosted its position in shares of Jackson Financial by 48.9% during the fourth quarter. Deutsche Bank AG now owns 65,617 shares of the company's stock worth $5,714,000 after buying an additional 21,556 shares during the period. SG Americas Securities LLC boosted its position in shares of Jackson Financial by 670.0% during the first quarter. SG Americas Securities LLC now owns 15,393 shares of the company's stock worth $1,290,000 after buying an additional 13,394 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Jackson Financial by 13.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,635 shares of the company's stock worth $388,000 after buying an additional 547 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of Jackson Financial by 25.2% during the first quarter. Asset Management One Co. Ltd. now owns 19,908 shares of the company's stock worth $1,668,000 after buying an additional 4,004 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $87.99 on Tuesday. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $115.22. The stock has a fifty day moving average of $84.26 and a 200-day moving average of $85.06. The company has a market capitalization of $6.29 billion, a PE ratio of 85.43 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating analysts' consensus estimates of $4.93 by $0.17. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm earned $4.23 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. As a group, equities analysts anticipate 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 was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.64%. The ex-dividend date was Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is currently 310.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th. Morgan Stanley set a $91.00 price objective on Jackson Financial and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Barclays boosted their price objective on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $96.00.

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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