SG Americas Securities LLC Increases Stock Position in Jackson Financial Inc. (NYSE:JXN)

SG Americas Securities LLC lifted its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 670.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,393 shares of the company's stock after buying an additional 13,394 shares during the quarter. SG Americas Securities LLC's holdings in Jackson Financial were worth $1,290,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Jackson Financial by 18.6% during the 1st quarter. GAMMA Investing LLC now owns 2,108 shares of the company's stock valued at $177,000 after buying an additional 330 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Jackson Financial by 1.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 14,096 shares of the company's stock worth $1,181,000 after acquiring an additional 166 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Jackson Financial by 23.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,636 shares of the company's stock worth $137,000 after acquiring an additional 308 shares during the period. Farther Finance Advisors LLC increased its holdings in Jackson Financial by 216.9% during the 1st quarter. Farther Finance Advisors LLC now owns 4,751 shares of the company's stock worth $401,000 after acquiring an additional 3,252 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in Jackson Financial during the 1st quarter worth approximately $239,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JXN. Barclays increased their price target on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Keefe, Bruyette & Woods increased their price target on shares of Jackson Financial from $90.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley set a $91.00 price target on shares of Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $94.80.

Jackson Financial Price Performance

JXN stock opened at $83.56 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The firm's fifty day moving average is $80.28 and its 200 day moving average is $85.66. The firm has a market cap of $5.97 billion, a P/E ratio of 7.30 and a beta of 1.47.

Jackson Financial (NYSE:JXN - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.93 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $4.23 EPS. Jackson Financial's revenue for the quarter was down .6% on a year-over-year basis. Research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, June 12th. Jackson Financial's dividend payout ratio is currently 310.68%.

Insider Activity at Jackson Financial

In other Jackson Financial news, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the sale, the chief executive officer now owns 116,423 shares of the company's stock, valued at $8,093,726.96. This represents a 15.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by insiders.

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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