DekaBank Deutsche Girozentrale Sells 1,153 Shares of Jackson Financial Inc. $JXN

DekaBank Deutsche Girozentrale decreased its holdings in Jackson Financial Inc. (NYSE:JXN) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 107,791 shares of the company’s stock after selling 1,153 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.15% of Jackson Financial worth $9,589,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in JXN. Brooklyn Investment Group lifted its position in Jackson Financial by 987.0% in 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 in the last quarter. Sound Income Strategies LLC lifted its position in Jackson Financial by 1,342.9% in 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 in the last quarter. Banque Transatlantique SA bought a new position in Jackson Financial in the 1st quarter valued at about $46,000. New Age Alpha Advisors LLC bought a new position in Jackson Financial in the 1st quarter valued at about $67,000. Finally, Raiffeisen Bank International AG lifted its position in Jackson Financial by 11.7% in the 1st quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company’s stock valued at $106,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Up 0.3%

Shares of JXN stock opened at $97.57 on Friday. The company has a 50 day moving average of $98.37 and a 200-day moving average of $88.72. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. The firm has a market cap of $6.80 billion, a P/E ratio of -1,625.85 and a beta of 1.45.

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

Jackson Financial announced that its Board of Directors has initiated a stock buyback program on Thursday, September 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 14.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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 paid a dividend of $0.80 per share. The ex-dividend date was Monday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. Jackson Financial’s dividend payout ratio (DPR) is presently -5,333.33%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays raised their price target on shares of Jackson Financial from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Evercore ISI increased their price objective on shares of Jackson Financial from $100.00 to $110.00 and gave the company an “underperform” rating in a research note on Thursday, October 9th. Jefferies Financial Group increased their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Jackson Financial in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.