RWC Asset Management LLP Has $2.18 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

Key Points

• RWC Asset Management LLP significantly increased its holdings in Jackson Financial, acquiring 21,995 shares and raising its stake by 551.8% to a total of 25,981 shares worth $2,177,000.
• Jackson Financial reported earnings of $5.10 EPS for the last quarter, exceeding expectations and generating a revenue of $3.75 billion, despite a decline of 0.6% compared to the previous year.
• The company has announced a quarterly dividend of $0.80 per share, resulting in an annualized dividend yield of 3.63%, although it has a high payout ratio of 310.68%.

RWC Asset Management LLP grew its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 551.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,981 shares of the company's stock after purchasing an additional 21,995 shares during the quarter. RWC Asset Management LLP's holdings in Jackson Financial were worth $2,177,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Jackson Financial by 1.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,873 shares of the company's stock worth $1,916,000 after acquiring an additional 400 shares during the period. Cetera Investment Advisers increased its position in Jackson Financial by 3.5% during the first quarter. Cetera Investment Advisers now owns 63,776 shares of the company's stock worth $5,343,000 after acquiring an additional 2,152 shares during the period. Avantax Advisory Services Inc. increased its position in Jackson Financial by 7.8% during the first quarter. Avantax Advisory Services Inc. now owns 4,800 shares of the company's stock worth $402,000 after acquiring an additional 349 shares during the period. Brookwood Investment Group LLC bought a new position in Jackson Financial during the first quarter worth $426,000. Finally, Triumph Capital Management increased its position in Jackson Financial by 8.2% during the first quarter. Triumph Capital Management now owns 3,852 shares of the company's stock worth $323,000 after acquiring an additional 292 shares during the period. Institutional investors own 89.96% of the company's stock.

Analysts Set New Price Targets

JXN has been the topic of a number of research reports. Barclays boosted their target price on shares of Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Keefe, Bruyette & Woods boosted their target price on shares of Jackson Financial from $100.00 to $102.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. Finally, Morgan Stanley set a $91.00 target price on shares of Jackson Financial and gave the stock an "equal weight" rating in a research report on Monday, May 19th.

Jackson Financial Stock Performance

Jackson Financial stock traded up $1.33 on Thursday, hitting $87.30. The company's stock had a trading volume of 242,193 shares, compared to its average volume of 768,746. The firm has a market cap of $6.24 billion, a P/E ratio of 84.73 and a beta of 1.47. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $85.71 and a 200-day moving average price of $85.02. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.93 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $1.80 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.23 EPS. On average, equities analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, June 12th. Jackson Financial's dividend payout ratio (DPR) is presently 310.68%.

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.