Jackson Financial Inc. $JXN Position Decreased by Oxbow Advisors LLC

Oxbow Advisors LLC decreased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,068 shares of the company’s stock after selling 1,322 shares during the period. Oxbow Advisors LLC’s holdings in Jackson Financial were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Amundi boosted its position 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Jackson Financial by 18.6% in the first quarter. GAMMA Investing LLC now owns 2,108 shares of the company’s stock worth $177,000 after buying an additional 330 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Jackson Financial by 13.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,635 shares of the company’s stock worth $388,000 after buying an additional 547 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Jackson Financial by 2.8% in the first quarter. Principal Financial Group Inc. now owns 429,789 shares of the company’s stock worth $36,008,000 after buying an additional 11,805 shares during the period. Finally, Richard Bernstein Advisors LLC acquired a new position in shares of Jackson Financial in the first quarter worth about $3,069,000. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Jackson Financial in a report on Wednesday, October 8th. Evercore ISI raised their target price on shares of Jackson Financial from $100.00 to $110.00 and gave the stock an “underperform” rating in a report on Thursday, October 9th. Morgan Stanley raised their target price on shares of Jackson Financial from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Jefferies Financial Group raised their target price on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $109.20.

Jackson Financial Price Performance

NYSE JXN opened at $94.55 on Friday. The company has a 50 day simple moving average of $98.02 and a 200-day simple moving average of $88.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of -1,575.57 and a beta of 1.45. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, March 22nd. The company reported $6.26 earnings per share (EPS) for the quarter. The business had revenue of ($1,162.00) million during the quarter. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. Equities research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, September 15th. Jackson Financial’s dividend payout ratio is -5,333.33%.

Jackson Financial declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 14.4% of its shares through open market purchases. Shares buyback plans are typically 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.