Jackson Financial Inc. $JXN Shares Sold by Invesco Ltd.

Invesco Ltd. cut its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 20.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 593,311 shares of the company’s stock after selling 152,014 shares during the quarter. Invesco Ltd. owned about 0.82% of Jackson Financial worth $49,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JXN. Assenagon Asset Management S.A. boosted its position in Jackson Financial by 385.3% during the first quarter. Assenagon Asset Management S.A. now owns 874,771 shares of the company’s stock worth $73,288,000 after acquiring an additional 694,518 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in Jackson Financial by 286.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 566,916 shares of the company’s stock worth $49,367,000 after acquiring an additional 420,245 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Jackson Financial by 9,833.0% in the 1st quarter. GAMMA Investing LLC now owns 176,608 shares of the company’s stock valued at $14,796,000 after purchasing an additional 174,830 shares during the last quarter. Millennium Management LLC boosted its holdings in Jackson Financial by 3,818.2% in the 4th quarter. Millennium Management LLC now owns 165,976 shares of the company’s stock valued at $14,453,000 after purchasing an additional 161,740 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Jackson Financial in the 4th quarter valued at about $12,852,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on JXN shares. Jefferies Financial Group boosted their target price on shares of Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a report on Monday, August 11th. Barclays boosted their target price on shares of Jackson Financial from $108.00 to $114.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Morgan Stanley set a $91.00 target price on shares of Jackson Financial and gave the company an “equal weight” rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Jackson Financial from $102.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and a consensus price target of $100.00.

Jackson Financial Stock Performance

Shares of JXN stock opened at $94.52 on Monday. The firm’s 50 day moving average price is $87.70 and its 200-day moving average price is $84.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $115.22. The firm has a market cap of $6.58 billion, a P/E ratio of -1,575.07 and a beta of 1.46.

Jackson Financial (NYSE:JXN) last announced its earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.61 by $0.26. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The firm had revenue of ($471.00) million for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm earned $5.32 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 15th. Jackson Financial’s dividend payout ratio is presently -5,333.33%.

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.