PNC Financial Services Group Inc. Has $282,000 Stock Position in Jackson Financial Inc. (NYSE:JXN)

PNC Financial Services Group Inc. raised its position in Jackson Financial Inc. (NYSE:JXN) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,366 shares of the company’s stock after acquiring an additional 248 shares during the period. PNC Financial Services Group Inc.’s holdings in Jackson Financial were worth $282,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JXN. Quarry LP acquired a new position in shares of Jackson Financial in the 4th quarter worth approximately $28,000. NBC Securities Inc. acquired a new position in shares of Jackson Financial in the 1st quarter worth approximately $37,000. Versant Capital Management Inc raised its holdings in shares of Jackson Financial by 161.9% in the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company’s stock worth $46,000 after buying an additional 340 shares in the last quarter. HWG Holdings LP acquired a new position in shares of Jackson Financial in the 1st quarter worth approximately $72,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Jackson Financial in the 4th quarter worth approximately $79,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on JXN shares. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $102.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, August 11th. Jefferies Financial Group increased their target price on Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Barclays increased their target price on Jackson Financial from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. Finally, Morgan Stanley set a $91.00 target price on Jackson Financial and gave the stock an “equal weight” rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $100.00.

Jackson Financial Trading Down 2.0%

JXN stock opened at $94.52 on Friday. The business has a fifty day moving average price of $87.70 and a 200 day moving average price of $84.78. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of -1,575.07 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28.

Jackson Financial (NYSE:JXN) last released its quarterly 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 return on equity of 14.73% and a net margin of 1.73%. The firm had revenue of ($471.00) million during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the firm posted $5.32 EPS. The business’s revenue was down 3.3% on a year-over-year basis. Analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial’s dividend payout ratio (DPR) is currently -5,333.33%.

Jackson Financial Company 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.