AQR Capital Management LLC Lowers Holdings in Jackson Financial Inc. $JXN

AQR Capital Management LLC lowered its holdings in Jackson Financial Inc. (NYSE:JXN) by 8.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,103 shares of the company’s stock after selling 8,859 shares during the period. AQR Capital Management LLC owned approximately 0.13% of Jackson Financial worth $7,716,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Amundi grew its holdings in shares of Jackson Financial by 90.1% during the 1st quarter. Amundi now owns 143,795 shares of the company’s stock valued at $12,047,000 after purchasing an additional 68,138 shares during the last quarter. Ancora Advisors LLC raised its holdings in Jackson Financial by 29.5% in the first quarter. Ancora Advisors LLC now owns 91,740 shares of the company’s stock worth $7,686,000 after purchasing an additional 20,910 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Jackson Financial during the 1st quarter valued at about $257,000. Cubist Systematic Strategies LLC increased its position 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 buying an additional 149,799 shares in the last quarter. Finally, Graham Capital Management L.P. grew 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 valued at $2,147,000 after purchasing an additional 13,069 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JXN shares. Morgan Stanley raised their price target on shares of Jackson Financial from $92.00 to $97.00 and gave the company an “equal weight” rating in a report on Monday, August 18th. Barclays lifted their target price on shares of Jackson Financial from $108.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $102.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, August 11th. Finally, Jefferies Financial Group upped their price objective on Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $101.20.

Jackson Financial Stock Performance

Shares of JXN stock opened at $99.18 on Friday. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The company’s 50 day moving average is $91.98 and its 200 day moving average is $85.50. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of -1,652.72 and a beta of 1.46. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46.

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

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.2%. 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.