Commonwealth Equity Services LLC Purchases 13,823 Shares of Jackson Financial Inc. (NYSE:JXN)

Commonwealth Equity Services LLC grew its position in shares of Jackson Financial Inc. (NYSE:JXN – Get Rating) by 20.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 82,976 shares of the company’s stock after acquiring an additional 13,823 shares during the period. Commonwealth Equity Services LLC’s holdings in Jackson Financial were worth $2,302,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. RFG Advisory LLC grew its position in Jackson Financial by 14.2% during the third quarter. RFG Advisory LLC now owns 30,511 shares of the company’s stock valued at $966,000 after acquiring an additional 3,790 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Jackson Financial by 6.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 34,313 shares of the company’s stock valued at $951,000 after purchasing an additional 2,131 shares during the last quarter. Lazard Asset Management LLC raised its position in Jackson Financial by 169.6% in the 3rd quarter. Lazard Asset Management LLC now owns 246,096 shares of the company’s stock worth $6,829,000 after purchasing an additional 154,823 shares during the period. Naples Global Advisors LLC lifted its stake in Jackson Financial by 46.2% in the second quarter. Naples Global Advisors LLC now owns 33,375 shares of the company’s stock worth $893,000 after purchasing an additional 10,550 shares during the last quarter. Finally, Paloma Partners Management Co boosted its position in Jackson Financial by 87.1% during the second quarter. Paloma Partners Management Co now owns 11,600 shares of the company’s stock valued at $310,000 after buying an additional 5,399 shares during the period. 82.40% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Stock Down 2.8 %

Shares of Jackson Financial stock opened at $40.02 on Monday. The company’s fifty day simple moving average is $42.43 and its two-hundred day simple moving average is $36.75. Jackson Financial Inc. has a 12-month low of $23.56 and a 12-month high of $49.60. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The company has a market cap of $3.29 billion, a P/E ratio of 0.63 and a beta of 1.67.

Jackson Financial (NYSE:JXN – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $5.66 EPS for the quarter, topping the consensus estimate of $5.39 by $0.27. Jackson Financial had a net margin of 42.47% and a return on equity of 14.63%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the business posted $7.48 earnings per share. Jackson Financial’s quarterly revenue was down 10.9% compared to the same quarter last year. Research analysts anticipate that Jackson Financial Inc. will post 17.13 EPS for the current year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Tuesday, March 14th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 6.20%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.55. The ex-dividend date is Monday, March 13th. Jackson Financial’s dividend payout ratio is presently 3.47%.

Analyst Ratings Changes

JXN has been the topic of several analyst reports. Jefferies Financial Group lifted their price objective on Jackson Financial from $46.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, February 21st. Evercore ISI lifted their price target on Jackson Financial to $38.00 in a research note on Wednesday, November 16th. Finally, Morgan Stanley lifted their target price on shares of Jackson Financial from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 10th.

Jackson Financial 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.