Jackson Financial Inc. $JXN Shares Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. increased its holdings in Jackson Financial Inc. (NYSE:JXN) by 12.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 112,884 shares of the company’s stock after buying an additional 12,394 shares during the period. Capital Fund Management S.A.’s holdings in Jackson Financial were worth $10,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Raiffeisen Bank International AG boosted its holdings in shares of Jackson Financial by 11.7% in the 1st quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company’s stock valued at $106,000 after acquiring an additional 133 shares during the last quarter. Triumph Capital Management lifted its position in Jackson Financial by 3.6% during the second quarter. Triumph Capital Management now owns 3,990 shares of the company’s stock valued at $354,000 after purchasing an additional 138 shares during the period. Bank of Montreal Can boosted its holdings in Jackson Financial by 1.1% in the second quarter. Bank of Montreal Can now owns 12,857 shares of the company’s stock valued at $1,142,000 after purchasing an additional 142 shares during the last quarter. Tcfg Wealth Management LLC grew its position in Jackson Financial by 3.5% during the 2nd quarter. Tcfg Wealth Management LLC now owns 4,356 shares of the company’s stock worth $387,000 after purchasing an additional 149 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Jackson Financial by 8.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,287 shares of the company’s stock valued at $203,000 after buying an additional 179 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Jackson Financial in a research note on Tuesday. Morgan Stanley decreased 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. Keefe, Bruyette & Woods raised their price objective on shares of Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Zacks Research upgraded shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Barclays increased their price target on shares of Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. One equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $108.80.

Jackson Financial Trading Up 0.2%

Shares of JXN stock opened at $98.01 on Friday. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $104.61. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 13.56 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. The stock has a 50 day simple moving average of $97.66 and a 200-day simple moving average of $92.27.

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 during the quarter. Jackson Financial had a net margin of 1.73% and a return on equity of 15.73%. On average, equities research analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial announced that its board has approved a stock buyback program on Thursday, September 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 14.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.20 dividend on an annualized basis and a yield of 3.3%. Jackson Financial’s dividend payout ratio (DPR) is currently 44.26%.

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.