Townsquare Capital LLC Invests $368,000 in Jackson Financial Inc. $JXN

Townsquare Capital LLC bought a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,390 shares of the company's stock, valued at approximately $368,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in JXN. Quarry LP bought a new position in shares of Jackson Financial in the fourth quarter worth approximately $28,000. NBC Securities Inc. bought a new position in shares of Jackson Financial in the first quarter worth approximately $37,000. Versant Capital Management Inc grew its holdings in shares of Jackson Financial by 161.9% in the first quarter. Versant Capital Management Inc now owns 550 shares of the company's stock worth $46,000 after purchasing an additional 340 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Jackson Financial in the first quarter worth approximately $67,000. Finally, HWG Holdings LP bought a new position in shares of Jackson Financial in the first quarter worth approximately $72,000. Institutional investors own 89.96% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on JXN shares. Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a report on Monday, August 11th. Morgan Stanley boosted their price objective on shares of Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a research report on Monday. Barclays boosted their price objective 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. 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 report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Jackson Financial has an average rating of "Hold" and an average price target of $101.20.

Jackson Financial Stock Up 0.6%

Shares of JXN stock traded up $0.5560 during mid-day trading on Wednesday, reaching $96.2960. 454,522 shares of the company's stock traded hands, compared to its average volume of 762,112. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $115.22. The company has a market cap of $6.71 billion, a P/E ratio of -1,604.67 and a beta of 1.46. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46. The company's 50-day moving average price is $88.14 and its 200-day moving average price is $84.77.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.61 by $0.26. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The firm had revenue of ($471.00) million for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the business posted $5.32 EPS. The company's quarterly revenue was down 3.3% on a year-over-year basis. On average, equities analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, September 15th. Jackson Financial's payout ratio is -5,333.33%.

Jackson Financial Company 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.