Walleye Capital LLC Acquires Shares of 3,628 Jackson Financial Inc. $JXN

Key Points

• Walleye Capital LLC has made a new investment of approximately $304,000 in Jackson Financial Inc., purchasing 3,628 shares of the company's stock.
• Analysts at Barclays, Keefe, Bruyette & Woods, Morgan Stanley, and Jefferies Financial Group have recently raised their price targets for Jackson Financial, with a consensus rating of "Hold" and an average price target of $101.20.
• Jackson Financial has announced a quarterly dividend of $0.80 per share, translating to an annualized yield of 3.3%, with the ex-dividend date set for September 15th.

Walleye Capital LLC bought a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 3,628 shares of the company's stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in Jackson Financial in the 1st quarter worth about $37,000. Brooklyn Investment Group grew its holdings in Jackson Financial by 987.0% during the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company's stock valued at $42,000 after buying an additional 454 shares during the last quarter. Versant Capital Management Inc grew its holdings in Jackson Financial by 161.9% in the first quarter. Versant Capital Management Inc now owns 550 shares of the company's stock valued at $46,000 after purchasing an additional 340 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Jackson Financial in the first quarter worth about $67,000. Finally, HWG Holdings LP acquired a new position in Jackson Financial during the 1st quarter worth $72,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Trading Up 0.2%

Shares of NYSE JXN traded up $0.16 during trading on Monday, reaching $95.58. The company had a trading volume of 233,441 shares, compared to its average volume of 739,091. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $115.22. The company's fifty day moving average price is $91.32 and its 200-day moving average price is $85.14. The stock has a market cap of $6.66 billion, a P/E ratio of -1,586.54 and a beta of 1.46.

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 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 period in the previous year, the company earned $5.32 earnings per share. The company's quarterly revenue was down 3.3% on a year-over-year basis. As a group, research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

The firm also recently announced 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 of this dividend is Monday, September 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.3%. Jackson Financial's dividend payout ratio (DPR) is -5,333.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a research report on Monday, August 11th. 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. Morgan Stanley increased their price target on Jackson Financial from $92.00 to $97.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Finally, Barclays increased 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 given a Sell rating to the company's stock. According to MarketBeat, Jackson Financial currently has a consensus rating of "Hold" and a consensus target price of $101.20.

Jackson Financial 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.