Janney Montgomery Scott LLC Raises Stock Position in Jackson Financial Inc. (NYSE:JXN)

Janney Montgomery Scott LLC increased its stake in Jackson Financial Inc. (NYSE:JXN – Get Rating) by 36.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,909 shares of the company’s stock after acquiring an additional 4,478 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Jackson Financial were worth $469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its holdings in Jackson Financial by 9.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 67,203 shares of the company’s stock worth $1,865,000 after acquiring an additional 6,066 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Jackson Financial in the 3rd quarter worth $486,000. Naples Global Advisors LLC grew its holdings in shares of Jackson Financial by 12.1% during the third quarter. Naples Global Advisors LLC now owns 37,400 shares of the company’s stock worth $1,038,000 after buying an additional 4,025 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Jackson Financial by 2.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 59,120 shares of the company’s stock worth $1,641,000 after buying an additional 1,393 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Jackson Financial by 1,087.9% during the third quarter. National Bank of Canada FI now owns 1,081 shares of the company’s stock worth $30,000 after buying an additional 990 shares in the last quarter. Hedge funds and other institutional investors own 82.40% of the company’s stock.

Jackson Financial Trading Up 5.4 %

Shares of JXN opened at $40.72 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.45. Jackson Financial Inc. has a 12-month low of $23.56 and a 12-month high of $46.83. The firm has a 50-day moving average price of $36.20 and a 200 day moving average price of $32.74. The firm has a market capitalization of $3.38 billion, a P/E ratio of 0.52 and a beta of 1.55.

Jackson Financial (NYSE:JXN – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $1.49. Jackson Financial had a net margin of 42.47% and a return on equity of 16.04%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $1.43 billion. Sell-side analysts forecast that Jackson Financial Inc. will post 16.07 EPS for the current year.

Jackson Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $2.20 dividend on an annualized basis and a yield of 5.40%. Jackson Financial’s payout ratio is currently 2.82%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JXN. Morgan Stanley upped their target price on shares of Jackson Financial from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 10th. Evercore ISI upped their target price on shares of Jackson Financial to $38.00 in a report on Wednesday, November 16th.

Jackson Financial Company Profile

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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.