Jackson Financial Inc. $JXN Position Increased by Amundi

Amundi increased its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 90.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,795 shares of the company’s stock after buying an additional 68,138 shares during the quarter. Amundi owned about 0.20% of Jackson Financial worth $12,047,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Ancora Advisors LLC lifted its position in Jackson Financial by 29.5% in the 1st quarter. Ancora Advisors LLC now owns 91,740 shares of the company’s stock valued at $7,686,000 after purchasing an additional 20,910 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Jackson Financial during the 1st quarter valued at $257,000. Cubist Systematic Strategies LLC raised its stake in Jackson Financial by 144.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 253,504 shares of the company’s stock valued at $21,239,000 after acquiring an additional 149,799 shares in the last quarter. Graham Capital Management L.P. boosted its position in Jackson Financial by 104.1% during the 1st quarter. Graham Capital Management L.P. now owns 25,628 shares of the company’s stock worth $2,147,000 after acquiring an additional 13,069 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of Jackson Financial in the first quarter worth $298,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JXN. Morgan Stanley lifted their price objective on shares of Jackson Financial from $92.00 to $97.00 and gave the company an “equal weight” rating in a research note on Monday, August 18th. Jefferies Financial Group boosted their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $102.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, August 11th. Finally, Barclays boosted 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. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Jackson Financial currently has an average rating of “Hold” and a consensus price target of $101.20.

Jackson Financial Stock Performance

NYSE:JXN opened at $96.35 on Wednesday. The company has a 50-day moving average of $91.60 and a 200-day moving average of $85.32. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of -1,605.57 and a beta of 1.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22.

Jackson Financial (NYSE:JXN) last released its earnings results on Tuesday, August 5th. The company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.61 by $0.26. The business had revenue of ($471.00) million during the quarter, compared to analyst estimates of $1.77 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $5.32 earnings per share. Analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. Jackson Financial’s dividend payout ratio (DPR) is currently -5,333.33%.

Jackson Financial 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.