Cwm LLC Boosts Stock Position in Jackson Financial Inc. $JXN

Cwm LLC raised its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 39.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,762 shares of the company’s stock after acquiring an additional 787 shares during the period. Cwm LLC’s holdings in Jackson Financial were worth $245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake in 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 acquiring an additional 454 shares during the last quarter. Sound Income Strategies LLC raised its stake in Jackson Financial by 1,342.9% during the 2nd quarter. Sound Income Strategies LLC now owns 505 shares of the company’s stock valued at $45,000 after acquiring an additional 470 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Jackson Financial during the 1st quarter valued at approximately $46,000. New Age Alpha Advisors LLC purchased a new stake in Jackson Financial during the 1st quarter valued at approximately $67,000. Finally, Raiffeisen Bank International AG raised its stake in shares of Jackson Financial by 11.7% during the 1st quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company’s stock worth $106,000 after buying an additional 133 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on JXN shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Jackson Financial in a research note on Wednesday, October 8th. Morgan Stanley increased their target price on Jackson Financial from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. 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 research note on Monday, August 11th. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Finally, Zacks Research raised Jackson Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $109.20.

Jackson Financial Stock Performance

NYSE JXN opened at $99.75 on Tuesday. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $115.22. The company has a market capitalization of $6.95 billion, a P/E ratio of -1,662.19 and a beta of 1.45. The business has a 50 day moving average price of $98.58 and a 200 day moving average price of $89.28. 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 data on Wednesday, March 22nd. The company reported $6.26 earnings per share for the quarter. The firm had revenue of ($1,162.00) million during the quarter. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%. Sell-side analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, September 15th. Jackson Financial’s dividend payout ratio is -5,333.33%.

Jackson Financial announced that its Board of Directors has approved a share repurchase plan on Thursday, September 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 14.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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.