MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Stock Holdings in Jackson Financial Inc. $JXN

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in Jackson Financial Inc. (NYSE:JXN) by 28.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,563 shares of the company’s stock after selling 17,664 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Jackson Financial worth $3,650,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. NBC Securities Inc. purchased a new position in Jackson Financial in the 1st quarter valued at approximately $37,000. Brooklyn Investment Group raised its stake in shares of Jackson Financial by 987.0% during the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company’s stock valued at $42,000 after purchasing an additional 454 shares during the period. Versant Capital Management Inc raised its stake in shares of Jackson Financial by 161.9% during the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company’s stock valued at $46,000 after purchasing an additional 340 shares during the period. Banque Transatlantique SA bought a new stake in shares of Jackson Financial during the 1st quarter valued at $46,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Jackson Financial during the 1st quarter valued at $67,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Down 1.3%

Shares of JXN opened at $97.71 on Friday. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of -1,628.30 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The firm has a 50 day moving average price of $92.16 and a 200-day moving average price of $85.59.

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

Jackson Financial Dividend Announcement

The firm also recently announced 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 dividend yield of 3.3%. The ex-dividend date is Monday, September 15th. Jackson Financial’s dividend payout ratio is currently -5,333.33%.

Analyst Ratings Changes

Several research analysts have commented on JXN shares. Jefferies Financial Group raised their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a report on Monday, August 11th. Keefe, Bruyette & Woods raised their price target 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. 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. Finally, Barclays raised their price target on shares of Jackson Financial from $108.00 to $114.00 and gave the company an “overweight” rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Jackson Financial currently has an average rating of “Hold” and a consensus target price of $101.20.

About Jackson Financial

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.