Innealta Capital LLC Acquires 1,259 Shares of Jackson Financial Inc. $JXN

Innealta Capital LLC lifted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 49.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,785 shares of the company’s stock after acquiring an additional 1,259 shares during the quarter. Innealta Capital LLC’s holdings in Jackson Financial were worth $336,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Brooklyn Investment Group lifted its holdings 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 purchasing an additional 454 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of 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 period. Banque Transatlantique SA acquired a new stake in shares of Jackson Financial during the 1st quarter worth about $46,000. Hantz Financial Services Inc. boosted its holdings in shares of Jackson Financial by 62.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 558 shares of the company’s stock worth $50,000 after buying an additional 215 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Jackson Financial during the 1st quarter worth about $67,000. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on JXN shares. Jefferies Financial Group raised their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Zacks Research raised Jackson Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Keefe, Bruyette & Woods boosted their target price on shares of Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Barclays lifted their price objective on shares of Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Jackson Financial in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Jackson Financial currently has a consensus rating of “Hold” and an average price target of $109.80.

Jackson Financial Trading Down 2.0%

Shares of JXN stock opened at $91.79 on Friday. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The stock’s fifty day moving average price is $98.65 and its two-hundred day moving average price is $90.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.28 and a current ratio of 0.27. The company has a market cap of $6.39 billion, a PE ratio of 12.70 and a beta of 1.45.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, March 22nd. The company reported $6.26 earnings per share for the quarter. Jackson Financial had a return on equity of 15.73% and a net margin of 1.73%.The business had revenue of ($1,162.00) million during the quarter. Equities analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, December 4th. Jackson Financial’s dividend payout ratio is currently 44.26%.

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

Jackson Financial 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.