Trexquant Investment LP Raises Stock Holdings in Jackson Financial Inc. $JXN

Key Points

• Trexquant Investment LP has significantly increased its stake in Jackson Financial by 156.6%, now owning approximately 83,779 shares worth about $7 million.
• Analysts have raised their price targets for Jackson Financial, with Morgan Stanley recently increasing its target from $92 to $97, while the average analyst rating for the stock is currently "Hold" with a target price of $101.20.
• Jackson Financial has declared a quarterly dividend of $0.80 per share, representing a 3.2% dividend yield, with the payout set for September 25th.

Trexquant Investment LP grew its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 156.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,779 shares of the company's stock after buying an additional 51,131 shares during the quarter. Trexquant Investment LP owned approximately 0.12% of Jackson Financial worth $7,019,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Donald Smith & CO. Inc. boosted its stake in shares of Jackson Financial by 7.0% in the first quarter. Donald Smith & CO. Inc. now owns 1,666,047 shares of the company's stock worth $139,581,000 after acquiring an additional 108,758 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Jackson Financial by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,084,560 shares of the company's stock worth $90,864,000 after acquiring an additional 5,320 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Jackson Financial by 0.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company's stock worth $94,305,000 after acquiring an additional 4,987 shares during the period. Northern Trust Corp boosted its stake in shares of Jackson Financial by 12.1% in the fourth quarter. Northern Trust Corp now owns 953,082 shares of the company's stock worth $82,994,000 after acquiring an additional 102,953 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Jackson Financial by 385.3% in the first quarter. Assenagon Asset Management S.A. now owns 874,771 shares of the company's stock worth $73,288,000 after acquiring an additional 694,518 shares during the period. Institutional investors own 89.96% of the company's stock.

Jackson Financial Trading Up 1.6%

JXN stock traded up $1.51 during midday trading on Thursday, reaching $98.21. 165,316 shares of the company traded hands, compared to its average volume of 742,620. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. The business has a 50 day moving average of $91.02 and a 200-day moving average of $85.20. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of -1,636.58 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $4.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.61 by $0.26. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%.The business had revenue of ($471.00) million for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the business posted $5.32 earnings per share. The company's quarterly revenue was down 3.3% compared to the same quarter last year. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, September 15th. Jackson Financial's dividend payout ratio is presently -5,333.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on JXN shares. Barclays upped their price objective on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Morgan Stanley increased their price target on Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Jefferies Financial Group increased their price target on Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods increased their price target on Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $101.20.

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.