Raymond James Financial Services Advisors Inc. increased its position in Jackson Financial Inc. (NYSE:JXN – Get Rating) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,203 shares of the company’s stock after buying an additional 6,066 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Jackson Financial were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Naples Global Advisors LLC lifted its position in Jackson Financial by 46.2% in the second quarter. Naples Global Advisors LLC now owns 33,375 shares of the company’s stock valued at $893,000 after purchasing an additional 10,550 shares during the last quarter. Paloma Partners Management Co lifted its position in Jackson Financial by 87.1% in the second quarter. Paloma Partners Management Co now owns 11,600 shares of the company’s stock valued at $310,000 after purchasing an additional 5,399 shares during the last quarter. Ruffer LLP lifted its position in Jackson Financial by 88.7% in the second quarter. Ruffer LLP now owns 1,361,152 shares of the company’s stock valued at $36,404,000 after purchasing an additional 639,877 shares during the last quarter. Dodge & Cox lifted its position in Jackson Financial by 26.7% in the second quarter. Dodge & Cox now owns 4,154,006 shares of the company’s stock valued at $111,120,000 after purchasing an additional 876,585 shares during the last quarter. Finally, Triumph Capital Management lifted its position in Jackson Financial by 21.9% in the second quarter. Triumph Capital Management now owns 15,742 shares of the company’s stock valued at $421,000 after purchasing an additional 2,824 shares during the last quarter. Institutional investors own 82.40% of the company’s stock.
Analyst Ratings Changes
Several analysts have weighed in on JXN shares. Morgan Stanley boosted their price objective on Jackson Financial from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 10th. Evercore ISI upped their target price on Jackson Financial to $38.00 in a report on Wednesday, November 16th.
Jackson Financial Price Performance
Jackson Financial (NYSE:JXN – Get Rating) last announced its earnings results on Wednesday, November 9th. The company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $1.49. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $1.43 billion. Jackson Financial had a return on equity of 16.04% and a net margin of 42.47%. As a group, equities research analysts forecast that Jackson Financial Inc. will post 15.74 earnings per share for the current year.
Jackson Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were paid a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $2.20 annualized dividend and a yield of 5.88%. Jackson Financial’s payout ratio is 2.82%.
About Jackson Financial
Jackson Financial Inc, through its subsidiaries, primarily provides a 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 immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions.
- Get a free copy of the StockNews.com research report on Jackson Financial (JXN)
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