Cambridge Investment Research Advisors Inc. Has $2.79 Million Stock Position in Jackson Financial Inc. (NYSE:JXN)

Cambridge Investment Research Advisors Inc. grew its position in Jackson Financial Inc. (NYSE:JXN) by 37.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 74,441 shares of the company’s stock after buying an additional 20,390 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.09% of Jackson Financial worth $2,785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisory Services LLC lifted its holdings in Jackson Financial by 28.9% during the first quarter. Capital Investment Advisory Services LLC now owns 37,675 shares of the company’s stock worth $1,409,000 after acquiring an additional 8,458 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Jackson Financial by 11.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,989 shares of the company’s stock worth $1,608,000 after acquiring an additional 4,543 shares in the last quarter. Convergence Investment Partners LLC lifted its holdings in Jackson Financial by 11.5% during the first quarter. Convergence Investment Partners LLC now owns 5,371 shares of the company’s stock worth $201,000 after acquiring an additional 554 shares in the last quarter. Hosking Partners LLP lifted its holdings in Jackson Financial by 94.9% during the fourth quarter. Hosking Partners LLP now owns 15,453 shares of the company’s stock worth $538,000 after acquiring an additional 7,523 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in Jackson Financial during the first quarter worth about $789,000. 79.20% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $37.90 on Friday. The firm has a market cap of $3.10 billion, a P/E ratio of 8.52 and a beta of 1.47. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.52. Jackson Financial Inc. has a 1-year low of $26.70 and a 1-year high of $49.60. The business’s 50 day moving average is $33.01 and its 200-day moving average is $34.60.

Jackson Financial (NYSE:JXN) last announced its earnings results on Tuesday, August 8th. The company reported $3.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.44). The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the business posted $2.52 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities research analysts predict that Jackson Financial Inc. will post 14.2 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 14th. Shareholders of record on Thursday, August 31st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend is Wednesday, August 30th. Jackson Financial’s dividend payout ratio is presently 55.73%.

Insider Buying and Selling at Jackson Financial

In related news, CEO Scott Romine sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $29.40, for a total transaction of $147,000.00. Following the sale, the chief executive officer now owns 82,386 shares of the company’s stock, valued at approximately $2,422,148.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

JXN has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Jackson Financial from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, August 18th. TheStreet upgraded Jackson Financial from a “d+” rating to a “c-” rating in a report on Monday, August 14th.

Jackson Financial Company Profile

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 payout annuities, as well as registered index-linked annuities and lifetime income solutions.