Truist Financial Corp Increases Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Truist Financial Corp lifted its stake in shares of Jackson Financial Inc. (NYSE:JXNGet Rating) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,448 shares of the company’s stock after buying an additional 2,135 shares during the quarter. Truist Financial Corp’s holdings in Jackson Financial were worth $484,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in Jackson Financial during the 2nd quarter worth approximately $27,000. National Bank of Canada FI increased its holdings in Jackson Financial by 1,087.9% during the 3rd quarter. National Bank of Canada FI now owns 1,081 shares of the company’s stock worth $30,000 after purchasing an additional 990 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Jackson Financial during the 1st quarter worth approximately $108,000. Shell Asset Management Co. increased its holdings in Jackson Financial by 146.6% during the 2nd quarter. Shell Asset Management Co. now owns 3,929 shares of the company’s stock worth $105,000 after purchasing an additional 2,336 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC increased its holdings in Jackson Financial by 136.0% during the 2nd quarter. Counterpoint Mutual Funds LLC now owns 4,699 shares of the company’s stock worth $126,000 after purchasing an additional 2,708 shares during the last quarter. 82.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on JXN. Evercore ISI lifted their target price on Jackson Financial to $38.00 in a research report on Wednesday, November 16th. Morgan Stanley lifted their target price on Jackson Financial from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 10th.

Jackson Financial Price Performance

Shares of JXN opened at $41.57 on Tuesday. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 0.53 and a beta of 1.55. The stock has a 50 day moving average of $36.28 and a 200-day moving average of $32.85. 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 52 week low of $23.56 and a 52 week high of $46.83.

Jackson Financial (NYSE:JXNGet Rating) last released 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 return on equity of 16.04% and a net margin of 42.47%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $1.43 billion. As a group, analysts forecast that Jackson Financial Inc. will post 16.07 EPS for the current year.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a dividend of $0.55 per share. 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 5.29%. Jackson Financial’s dividend payout ratio is currently 2.82%.

Jackson Financial Company Profile

(Get Rating)

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.

See Also

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

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