Patriot Financial Group Insurance Agency LLC Boosts Stock Position in Jackson Financial Inc. $JXN

Patriot Financial Group Insurance Agency LLC increased its stake in Jackson Financial Inc. (NYSE:JXNFree Report) by 27.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,981 shares of the company’s stock after buying an additional 1,087 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Jackson Financial were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Raiffeisen Bank International AG grew its holdings in Jackson Financial by 11.7% in the first quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company’s stock worth $106,000 after purchasing an additional 133 shares during the period. Triumph Capital Management raised its position in Jackson Financial by 3.6% in the second quarter. Triumph Capital Management now owns 3,990 shares of the company’s stock worth $354,000 after acquiring an additional 138 shares during the period. CWM LLC raised its position in Jackson Financial by 7.9% in the first quarter. CWM LLC now owns 1,975 shares of the company’s stock worth $165,000 after acquiring an additional 145 shares during the period. Wealthcare Advisory Partners LLC raised its position in Jackson Financial by 1.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 14,096 shares of the company’s stock worth $1,181,000 after acquiring an additional 166 shares during the period. Finally, Xponance Inc. raised its position in Jackson Financial by 2.5% in the first quarter. Xponance Inc. now owns 6,738 shares of the company’s stock worth $565,000 after acquiring an additional 166 shares during the period. 89.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JXN shares. Weiss Ratings restated a “hold (c-)” rating on shares of Jackson Financial in a research report on Saturday, September 27th. Morgan Stanley raised their price objective on shares of Jackson Financial from $92.00 to $97.00 and gave the company an “equal weight” rating in a research report on Monday, August 18th. Zacks Research downgraded shares of Jackson Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Jefferies Financial Group raised their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Monday, August 11th. Finally, Barclays lifted their price target 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. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $101.20.

Check Out Our Latest Report on JXN

Jackson Financial Stock Performance

Shares of NYSE:JXN opened at $103.76 on Friday. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $115.22. The stock has a market capitalization of $7.23 billion, a P/E ratio of -1,728.96 and a beta of 1.45. The firm has a fifty day simple moving average of $96.06 and a two-hundred day simple moving average of $87.29. 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 (NYSE:JXNGet Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $4.87 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $0.26. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The business had revenue of ($471.00) million during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the company posted $5.32 EPS. The business’s revenue was down 3.3% on a year-over-year basis. On average, analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial declared that its Board of Directors has approved a share repurchase program on Thursday, September 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 14.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. Jackson Financial’s dividend payout ratio (DPR) is presently -5,333.33%.

About Jackson Financial

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

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