Catalyst Funds Management Pty Ltd Has $371,000 Stock Position in Jackson Financial Inc. $JXN

Catalyst Funds Management Pty Ltd lessened its stake in Jackson Financial Inc. (NYSE:JXN) by 60.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,174 shares of the company’s stock after selling 6,266 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Jackson Financial were worth $371,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Amundi boosted its position in Jackson Financial by 90.1% during the first quarter. Amundi now owns 143,795 shares of the company’s stock worth $12,047,000 after purchasing an additional 68,138 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Jackson Financial by 1.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,359,477 shares of the company’s stock worth $120,685,000 after buying an additional 20,212 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Jackson Financial during the 1st quarter worth about $304,000. CW Advisors LLC acquired a new position in Jackson Financial in the 1st quarter valued at about $547,000. Finally, EP Wealth Advisors LLC acquired a new position in Jackson Financial in the 1st quarter valued at about $257,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JXN has been the subject of a number of research analyst reports. Zacks Research upgraded Jackson Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Morgan Stanley dropped their price target on Jackson Financial from $106.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, November 17th. Evercore ISI upped their price objective on Jackson Financial from $100.00 to $110.00 and gave the company an “underperform” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Finally, Barclays lifted their target price on Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $108.80.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $93.75 on Friday. The business has a fifty day moving average price of $97.70 and a two-hundred day moving average price of $91.80. The stock has a market capitalization of $6.37 billion, a PE ratio of 12.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $104.61.

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

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $0.80 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.20 annualized dividend and a dividend yield of 3.4%. Jackson Financial’s payout ratio is presently 44.26%.

Jackson Financial announced that its board has initiated a stock buyback program on Thursday, September 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 14.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is 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.