Jackson Financial Inc. (NYSE:JXN) Holdings Raised by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its stake in Jackson Financial Inc. (NYSE:JXN) by 115.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,880 shares of the company’s stock after buying an additional 52,013 shares during the period. Edgestream Partners L.P. owned 0.13% of Jackson Financial worth $7,194,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JXN. Norges Bank bought a new position in shares of Jackson Financial in the fourth quarter valued at approximately $51,189,000. Acadian Asset Management LLC increased its position in shares of Jackson Financial by 146.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,219,218 shares of the company’s stock valued at $90,525,000 after purchasing an additional 724,148 shares during the period. LSV Asset Management increased its position in shares of Jackson Financial by 2,459.7% during the 2nd quarter. LSV Asset Management now owns 439,339 shares of the company’s stock valued at $32,625,000 after purchasing an additional 422,175 shares during the period. Donald Smith & CO. Inc. raised its stake in shares of Jackson Financial by 20.1% in the 1st quarter. Donald Smith & CO. Inc. now owns 2,376,476 shares of the company’s stock worth $157,180,000 after buying an additional 397,287 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Jackson Financial in the first quarter valued at $21,892,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Jefferies Financial Group raised their target price on shares of Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Barclays initiated coverage on shares of Jackson Financial in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $109.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Finally, Evercore ISI cut their target price on Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a research report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Jackson Financial presently has a consensus rating of “Hold” and a consensus price target of $80.00.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $85.01 on Tuesday. The company’s fifty day moving average is $83.14 and its two-hundred day moving average is $74.32. The company has a market cap of $6.48 billion, a P/E ratio of 2.25 and a beta of 1.50. Jackson Financial Inc. has a 12-month low of $35.27 and a 12-month high of $90.10. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $5.32 earnings per share for the quarter, beating the consensus estimate of $4.32 by $1.00. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.71 billion. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.34 earnings per share. Equities analysts expect that Jackson Financial Inc. will post 18.49 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Thursday, September 5th. Jackson Financial’s dividend payout ratio (DPR) is 7.40%.

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.