Oppenheimer Asset Management Inc. Trims Holdings in Jackson Financial Inc. (NYSE:JXN)

Oppenheimer Asset Management Inc. trimmed its stake in Jackson Financial Inc. (NYSE:JXNGet Rating) by 17.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,951 shares of the company’s stock after selling 2,535 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Jackson Financial were worth $320,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Qube Research & Technologies Ltd grew its holdings in shares of Jackson Financial by 28.9% in the first quarter. Qube Research & Technologies Ltd now owns 243,045 shares of the company’s stock valued at $10,750,000 after purchasing an additional 54,545 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Jackson Financial by 417.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 58,352 shares of the company’s stock valued at $2,581,000 after purchasing an additional 47,073 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Jackson Financial by 23.6% in the first quarter. Citigroup Inc. now owns 135,048 shares of the company’s stock valued at $5,973,000 after purchasing an additional 25,814 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Jackson Financial by 125.2% in the first quarter. Commonwealth Equity Services LLC now owns 49,773 shares of the company’s stock valued at $2,201,000 after purchasing an additional 27,672 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Jackson Financial by 44.4% in the first quarter. SG Americas Securities LLC now owns 6,190 shares of the company’s stock valued at $274,000 after purchasing an additional 1,902 shares in the last quarter. Institutional investors and hedge funds own 74.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JXN shares. Morgan Stanley lifted their price objective on shares of Jackson Financial from $35.00 to $37.00 and gave the company an “equal weight” rating in a report on Thursday, November 10th. Jefferies Financial Group boosted their price target on shares of Jackson Financial from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Finally, Evercore ISI boosted their price target on shares of Jackson Financial to $38.00 in a report on Wednesday.

Jackson Financial Trading Down 3.0 %

NYSE JXN opened at $36.78 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.45. Jackson Financial Inc. has a 52 week low of $23.56 and a 52 week high of $47.76. The stock has a market capitalization of $3.17 billion, a PE ratio of 0.47 and a beta of 1.69. The firm has a 50 day moving average of $32.67 and a two-hundred day moving average of $31.60.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $2.20 annualized dividend and a dividend yield of 5.98%. Jackson Financial’s dividend payout ratio is presently 2.82%.

Jackson Financial Company Profile

(Get Rating)

Jackson Financial Inc, through its subsidiaries, primarily provides a 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 immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions.

Further Reading

Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

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