Jackson Financial Inc. $JXN Shares Purchased by Caxton Associates LLP

Caxton Associates LLP raised its position in shares of Jackson Financial Inc. (NYSE:JXN) by 47.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,687 shares of the company’s stock after purchasing an additional 15,353 shares during the quarter. Caxton Associates LLP’s holdings in Jackson Financial were worth $4,234,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Jackson Financial in the second quarter valued at $30,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jackson Financial by 111.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 438 shares of the company’s stock worth $39,000 after acquiring an additional 231 shares in the last quarter. Brooklyn Investment Group lifted its holdings in Jackson Financial by 987.0% in the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company’s stock valued at $42,000 after acquiring an additional 454 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Jackson Financial by 1,342.9% during the 2nd quarter. Sound Income Strategies LLC now owns 505 shares of the company’s stock valued at $45,000 after purchasing an additional 470 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Jackson Financial by 62.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 558 shares of the company’s stock valued at $50,000 after purchasing an additional 215 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 8th. Evercore ISI upped their price target on Jackson Financial from $100.00 to $110.00 and gave the company an “underperform” rating in a report on Thursday, October 9th. Zacks Research upgraded Jackson Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Barclays raised their price objective on Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, Keefe, Bruyette & Woods boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $108.80.

Jackson Financial Stock Performance

Shares of Jackson Financial stock opened at $105.83 on Friday. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $107.08. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47. The stock has a market cap of $7.19 billion, a PE ratio of 14.64 and a beta of 1.45. The business has a fifty day simple moving average of $97.34 and a 200-day simple moving average of $93.47.

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

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 issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, December 4th. Jackson Financial’s dividend payout ratio (DPR) is currently 44.26%.

Jackson Financial declared that its board has authorized a stock buyback plan on Thursday, September 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 14.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are 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.