US Bancorp DE Trims Holdings in 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 lessened its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 78.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,942 shares of the company's stock after selling 7,105 shares during the quarter. US Bancorp DE's holdings in Jackson Financial were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JXN. CWM LLC grew its position in shares of Jackson Financial by 7.9% in the first quarter. CWM LLC now owns 1,975 shares of the company's stock valued at $165,000 after purchasing an additional 145 shares during the period. Wealthcare Advisory Partners LLC grew its position in shares of Jackson Financial by 1.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 14,096 shares of the company's stock valued at $1,181,000 after purchasing an additional 166 shares during the period. Xponance Inc. grew its position in shares of Jackson Financial by 2.5% in the first quarter. Xponance Inc. now owns 6,738 shares of the company's stock valued at $565,000 after purchasing an additional 166 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Jackson Financial by 0.9% in the first quarter. Exchange Traded Concepts LLC now owns 22,867 shares of the company's stock valued at $1,916,000 after purchasing an additional 206 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Jackson Financial by 1.7% in the fourth quarter. MML Investors Services LLC now owns 13,530 shares of the company's stock valued at $1,178,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Analysts Set New Price Targets

JXN has been the topic of several research analyst reports. Morgan Stanley lifted their target price 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. Keefe, Bruyette & Woods boosted their price target on shares of Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a research report on Monday, August 11th. Jefferies Financial Group boosted their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Finally, Barclays boosted their price target on shares of Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $101.20.

Jackson Financial Trading Down 0.2%

JXN stock traded down $0.1750 during trading on Wednesday, reaching $95.5650. 124,154 shares of the stock were exchanged, compared to its average volume of 759,974. 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 business has a 50 day moving average price of $88.14 and a 200-day moving average price of $84.77. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $115.22. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of -1,591.58 and a beta of 1.46.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $4.87 EPS for the quarter, topping 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 company had revenue of ($471.00) million for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm earned $5.32 earnings per share. Jackson Financial's quarterly revenue was down 3.3% compared to the same quarter last year. On average, research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.20 dividend on an annualized basis and a yield of 3.3%. 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.