Jackson Financial Inc. (NYSE:JXN) Shares Purchased by Macquarie Group Ltd.

Macquarie Group Ltd. grew its position in Jackson Financial Inc. (NYSE:JXN) by 62.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,584 shares of the company’s stock after purchasing an additional 33,563 shares during the period. Macquarie Group Ltd. owned approximately 0.11% of Jackson Financial worth $3,277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of JXN. Federated Hermes Inc. grew its position in Jackson Financial by 199.8% in the 3rd quarter. Federated Hermes Inc. now owns 1,382 shares of the company’s stock worth $38,000 after purchasing an additional 921 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Jackson Financial by 4,347.8% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock valued at $38,000 after acquiring an additional 1,000 shares in the last quarter. Money Concepts Capital Corp bought a new position in shares of Jackson Financial in the fourth quarter valued at approximately $42,000. Private Trust Co. NA boosted its holdings in shares of Jackson Financial by 73.9% in the first quarter. Private Trust Co. NA now owns 1,304 shares of the company’s stock valued at $49,000 after acquiring an additional 554 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Jackson Financial by 99.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the company’s stock valued at $83,000 after acquiring an additional 1,107 shares in the last quarter. Institutional investors own 79.20% of the company’s stock.

Jackson Financial Trading Down 2.2 %

Shares of NYSE:JXN opened at $39.43 on Tuesday. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 8.86 and a beta of 1.42. Jackson Financial Inc. has a 1-year low of $26.70 and a 1-year high of $49.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50 day moving average price of $34.80 and a 200 day moving average price of $33.91.

Jackson Financial (NYSE:JXN) last issued 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 company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.60 billion. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $2.52 EPS. On average, research analysts anticipate that Jackson Financial Inc. will post 14.2 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were given a $0.62 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $2.48 annualized dividend and a dividend yield of 6.29%. Jackson Financial’s dividend payout ratio (DPR) is presently 55.73%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JXN. TheStreet upgraded shares of Jackson Financial from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Jefferies Financial Group increased their price objective on shares of Jackson Financial from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Finally, Morgan Stanley increased their price objective on shares of Jackson Financial from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, August 18th.

Insider Activity at Jackson Financial

In related news, CEO Scott Romine sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $35.07, for a total value of $175,350.00. Following the completion of the sale, the chief executive officer now owns 78,217 shares in the company, valued at approximately $2,743,070.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.

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.