Jackson Financial Inc. (NYSE:JXN) Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,539 shares of the company’s stock after buying an additional 2,040 shares during the period. Janney Montgomery Scott LLC’s holdings in Jackson Financial were worth $4,611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cetera Investment Advisers purchased a new position in Jackson Financial in the first quarter valued at about $3,812,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Jackson Financial by 32.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 61,139 shares of the company’s stock valued at $4,044,000 after buying an additional 14,848 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Jackson Financial by 16.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 41,031 shares of the company’s stock valued at $2,714,000 after buying an additional 5,819 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in Jackson Financial in the first quarter worth approximately $866,000. Finally, DekaBank Deutsche Girozentrale raised its position in Jackson Financial by 11.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 108,944 shares of the company’s stock valued at $7,073,000 after acquiring an additional 11,328 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Carrie Chelko sold 5,500 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $91.31, for a total transaction of $502,205.00. Following the transaction, the executive vice president now owns 61,829 shares of the company’s stock, valued at approximately $5,645,605.99. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Jackson Financial Stock Performance

Shares of JXN opened at $108.29 on Friday. The company has a market capitalization of $8.15 billion, a PE ratio of -8.57 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a one year low of $41.61 and a one year high of $115.09. The company’s fifty day moving average price is $94.01 and its 200 day moving average price is $83.39.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing analysts’ consensus estimates of $4.66 by ($0.06). The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm earned $3.80 EPS. As a group, analysts expect that Jackson Financial Inc. will post 18.78 earnings per share for the current year.

Jackson Financial declared that its board has initiated a stock repurchase program on Wednesday, August 7th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.59%. Jackson Financial’s dividend payout ratio (DPR) is presently -22.15%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays boosted their target price on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Morgan Stanley upped their price objective on shares of Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $80.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. Finally, Jefferies Financial Group upped their price target on Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $80.33.

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.