UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Jackson Financial Inc. (NYSE:JXN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,117 shares of the company’s stock after acquiring an additional 757 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Jackson Financial were worth $15,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of JXN. International Assets Investment Management LLC boosted its stake in shares of Jackson Financial by 9,363.9% during the 3rd quarter. International Assets Investment Management LLC now owns 942,039 shares of the company’s stock worth $85,942,000 after acquiring an additional 932,085 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Jackson Financial by 146.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,219,218 shares of the company’s stock worth $90,525,000 after acquiring an additional 724,148 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Jackson Financial during the 3rd quarter worth $40,795,000. LSV Asset Management boosted its stake in shares of Jackson Financial by 2,459.7% during the 2nd quarter. LSV Asset Management now owns 439,339 shares of the company’s stock worth $32,625,000 after acquiring an additional 422,175 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Jackson Financial by 40.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock valued at $95,874,000 after buying an additional 300,520 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Transactions at Jackson Financial

In other news, EVP Carrie Chelko sold 5,500 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total value of $502,205.00. Following the sale, the executive vice president now directly owns 61,829 shares in the company, valued at $5,645,605.99. The trade was a 8.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Jackson Financial Stock Performance

Shares of NYSE JXN opened at $97.83 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $7.23 billion, a P/E ratio of -7.74 and a beta of 1.42. The firm’s fifty day moving average is $100.21 and its two-hundred day moving average is $87.29. Jackson Financial Inc. has a 52-week low of $47.49 and a 52-week high of $115.22.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company posted $3.80 EPS. As a group, analysts anticipate that Jackson Financial Inc. will post 18.8 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.86%. Jackson Financial’s dividend payout ratio (DPR) is presently -22.15%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JXN. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. Keefe, Bruyette & Woods lifted their target price on shares of Jackson Financial from $80.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, August 14th. Morgan Stanley lifted their target price on shares of Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Finally, Barclays lifted their target price on shares of Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $84.00.

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.