Mutual of America Capital Management LLC Has $815,000 Position in Jackson Financial Inc. $JXN

Mutual of America Capital Management LLC lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 14.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,177 shares of the company’s stock after selling 1,579 shares during the period. Mutual of America Capital Management LLC’s holdings in Jackson Financial were worth $815,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in JXN. Brooklyn Investment Group boosted its position in shares of Jackson Financial by 987.0% in the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company’s stock worth $42,000 after purchasing an additional 454 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Jackson Financial by 1,342.9% in the second quarter. Sound Income Strategies LLC now owns 505 shares of the company’s stock valued at $45,000 after purchasing an additional 470 shares during the last quarter. Banque Transatlantique SA acquired a new position in Jackson Financial in the first quarter valued at about $46,000. New Age Alpha Advisors LLC bought a new position in Jackson Financial during the first quarter worth about $67,000. Finally, Raiffeisen Bank International AG grew its position 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 during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $99.75 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average price is $98.58 and its two-hundred day moving average price is $89.28. The company has a market cap of $6.95 billion, a PE ratio of -1,662.19 and a beta of 1.45. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, March 22nd. The company reported $6.26 EPS for the quarter. The company 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%. On average, analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were given 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 of this dividend was Monday, September 15th. Jackson Financial’s payout ratio is -5,333.33%.

Jackson Financial declared that its Board of Directors has authorized a stock buyback plan on Thursday, September 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 14.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Jefferies Financial Group raised their price target on Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Morgan Stanley upped their price target on Jackson Financial from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Jackson Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Finally, Zacks Research upgraded shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.20.

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.