Robeco Institutional Asset Management B.V. Boosts Stock Position in Jackson Financial Inc. $JXN

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Jackson Financial Inc. by 12.1%, owning 82,163 shares worth approximately $7.3 million after purchasing an additional 8,840 shares.
• Jackson Financial recently announced a $1 billion share repurchase plan, allowing the company to buy back up to 14.4% of its stock, indicating management's belief that the stock is undervalued.
• The company declared a quarterly dividend of $0.80 per share, with a current yield of 3.1%, despite a significant negative dividend payout ratio.

Robeco Institutional Asset Management B.V. raised its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,163 shares of the company's stock after purchasing an additional 8,840 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.12% of Jackson Financial worth $7,295,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JXN. NBC Securities Inc. acquired a new position in shares of Jackson Financial in the first quarter valued at approximately $37,000. Patriot Financial Group Insurance Agency LLC raised its holdings in Jackson Financial by 15.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 3,894 shares of the company's stock valued at $326,000 after acquiring an additional 535 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of Jackson Financial during the 1st quarter worth $239,000. Farther Finance Advisors LLC boosted its holdings in shares of Jackson Financial by 216.9% during the first quarter. Farther Finance Advisors LLC now owns 4,751 shares of the company's stock worth $401,000 after purchasing an additional 3,252 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Jackson Financial by 23.2% in the first quarter. Harbor Capital Advisors Inc. now owns 1,636 shares of the company's stock valued at $137,000 after purchasing an additional 308 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

NYSE:JXN opened at $103.76 on Monday. The firm's fifty day simple moving average is $96.06 and its 200 day simple moving average is $87.31. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of -1,728.96 and a beta of 1.45.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.61 by $0.26. The company 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 was down 3.3% compared to the same quarter last year. During the same period last year, the company posted $5.32 earnings per share. As a group, equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial announced that its board has initiated a share repurchase plan on Thursday, September 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 14.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, September 15th. Jackson Financial's dividend payout ratio is currently -5,333.33%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JXN. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a research report on Monday, August 11th. Morgan Stanley raised their target price on shares of Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Barclays boosted their target price on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Zacks Research downgraded shares of Jackson Financial from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Finally, Jefferies Financial Group boosted their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $101.20.

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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