Raymond James Financial Services Advisors Inc. Acquires 6,066 Shares of Jackson Financial Inc. (NYSE:JXN)

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Jackson Financial Inc. (NYSE:JXN – Get Rating) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,203 shares of the company’s stock after purchasing an additional 6,066 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.08% of Jackson Financial worth $1,865,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in Jackson Financial in the 2nd quarter worth about $27,000. National Bank of Canada FI increased its holdings in Jackson Financial by 1,087.9% in the 3rd quarter. National Bank of Canada FI now owns 1,081 shares of the company’s stock worth $30,000 after acquiring an additional 990 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Jackson Financial in the 1st quarter worth about $108,000. Shell Asset Management Co. increased its holdings in Jackson Financial by 146.6% in the 2nd quarter. Shell Asset Management Co. now owns 3,929 shares of the company’s stock worth $105,000 after acquiring an additional 2,336 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC increased its holdings in Jackson Financial by 136.0% in the 2nd quarter. Counterpoint Mutual Funds LLC now owns 4,699 shares of the company’s stock worth $126,000 after acquiring an additional 2,708 shares during the last quarter. 82.40% of the stock is currently owned by institutional investors.

Jackson Financial Stock Up 4.1 %

Shares of NYSE JXN opened at $37.41 on Wednesday. Jackson Financial Inc. has a 12 month low of $23.56 and a 12 month high of $46.83. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 0.48 and a beta of 1.55. The business has a 50-day moving average of $35.93 and a 200-day moving average of $32.47.

Jackson Financial (NYSE:JXN – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $4.24 EPS for the quarter, topping the consensus estimate of $2.75 by $1.49. Jackson Financial had a return on equity of 16.04% and a net margin of 42.47%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $1.43 billion. Sell-side analysts expect that Jackson Financial Inc. will post 15.74 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend was Wednesday, November 30th. Jackson Financial’s payout ratio is 2.82%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JXN. Evercore ISI lifted their price objective on Jackson Financial to $38.00 in a report on Wednesday, November 16th. Morgan Stanley lifted their target price on Jackson Financial from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Tuesday, January 10th.

Jackson Financial Profile

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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.