4,518 Shares in Jackson Financial Inc. $JXN Acquired by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new stake in Jackson Financial Inc., purchasing 4,518 shares valued at approximately $376,000 in the first quarter of 2023.
• Jackson Financial reported $4.87 earnings per share for the latest quarter, surpassing analysts' expectations of $4.61, but with a revenue of ($471 million) reflecting a 3.3% decline year-over-year.
• The company announced a quarterly dividend of $0.80 to be paid on September 25th, representing an annualized yield of 3.2% despite a high dividend payout ratio of -5,333.33%.

United Services Automobile Association purchased a new stake in Jackson Financial Inc. (NYSE:JXN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,518 shares of the company's stock, valued at approximately $376,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Jackson Financial in the 1st quarter valued at about $37,000. Brooklyn Investment Group lifted its holdings in Jackson Financial by 987.0% in the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company's stock valued at $42,000 after acquiring an additional 454 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Jackson Financial by 161.9% in the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after acquiring an additional 340 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Jackson Financial in the 1st quarter valued at about $46,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Jackson Financial in the 1st quarter valued at about $67,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JXN has been the topic of several recent analyst reports. Barclays boosted their price objective on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Morgan Stanley boosted their price objective on Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Jefferies Financial Group boosted their price objective on Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Zacks Research downgraded Jackson Financial from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. Finally, Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $101.20.

Jackson Financial Stock Up 1.5%

Shares of JXN traded up $1.39 during trading hours on Wednesday, reaching $95.23. The company's stock had a trading volume of 121,329 shares, compared to its average volume of 732,863. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of -1,590.73 and a beta of 1.46. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $115.22. 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 has a 50 day moving average of $92.43 and a two-hundred day moving average of $85.65.

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

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be issued a $0.80 dividend. The ex-dividend date is Monday, September 15th. This represents a $3.20 dividend on an annualized basis and a yield of 3.4%. Jackson Financial's dividend payout ratio is currently -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.