US Bancorp DE Sells 7,105 Shares of Jackson Financial Inc. $JXN

Key Points

• US Bancorp DE sold 7,105 shares of Jackson Financial, reducing its holdings by 78.5% to 1,942 shares valued at $163,000 as of its last SEC filing.
• Jackson Financial's quarterly earnings report showed a net margin of 1.73% with an EPS of $4.87, surpassing analyst expectations but reflecting a 3.3% revenue decline year-over-year.
• The company announced a quarterly dividend of $0.80 per share, representing an annualized yield of 3.4%, with shareholders of record to be paid on September 25th.

US Bancorp DE cut its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 78.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,942 shares of the company's stock after selling 7,105 shares during the period. US Bancorp DE's holdings in Jackson Financial were worth $163,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of Jackson Financial by 7.9% during the 1st quarter. CWM LLC now owns 1,975 shares of the company's stock worth $165,000 after acquiring an additional 145 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of 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 in the last quarter. Xponance Inc. raised its holdings in shares of Jackson Financial by 2.5% during the 1st quarter. Xponance Inc. now owns 6,738 shares of the company's stock worth $565,000 after acquiring an additional 166 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Jackson Financial by 0.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 22,867 shares of the company's stock worth $1,916,000 after acquiring an additional 206 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Jackson Financial by 1.7% during the 4th quarter. MML Investors Services LLC now owns 13,530 shares of the company's stock worth $1,178,000 after acquiring an additional 225 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JXN. Morgan Stanley upped 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. Jefferies Financial Group upped 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. Keefe, Bruyette & Woods upped 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. Finally, Barclays upped 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. One equities 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 company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $101.20.

Jackson Financial Trading Down 1.1%

Shares of NYSE JXN traded down $1.0130 during trading hours on Thursday, hitting $95.2770. 423,287 shares of the company traded hands, compared to its average volume of 605,713. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of -1,587.69 and a beta of 1.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.46. The company's 50 day moving average price is $88.64 and its 200 day moving average price is $84.88. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share for the quarter, beating the consensus estimate of $4.61 by $0.26. The firm 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 company's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.32 EPS. On average, equities research analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial's dividend 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.