Jackson Financial Inc. (NYSE:JXN) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,708 shares of the company’s stock after selling 1,341 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.20% of Jackson Financial worth $11,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of JXN. International Assets Investment Management LLC purchased a new position in Jackson Financial in the fourth quarter worth approximately $497,000. LSV Asset Management acquired a new stake in shares of Jackson Financial during the 4th quarter worth about $97,000. Axxcess Wealth Management LLC purchased a new stake in Jackson Financial in the 4th quarter valued at about $219,000. Wealthcare Advisory Partners LLC lifted its position in Jackson Financial by 21.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 9,816 shares of the company’s stock valued at $503,000 after buying an additional 1,751 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Jackson Financial by 14.4% during the fourth quarter. Private Advisor Group LLC now owns 14,716 shares of the company’s stock worth $753,000 after buying an additional 1,849 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

JXN has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of Jackson Financial in a research report on Wednesday. They set an “overweight” rating and a $109.00 price objective for the company. Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $80.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. Evercore ISI reduced their price target on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a research report on Wednesday, June 26th. Jefferies Financial Group raised their price objective on shares of Jackson Financial from $73.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, Morgan Stanley upped their target price on shares of Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.00.

Jackson Financial Stock Down 1.4 %

JXN stock opened at $84.45 on Thursday. Jackson Financial Inc. has a fifty-two week low of $35.27 and a fifty-two week high of $90.10. The company’s 50 day moving average price is $81.70 and its 200 day moving average price is $72.43. 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 firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 2.23 and a beta of 1.51.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $5.32 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $1.00. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.71 billion. Jackson Financial’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.34 earnings per share. On average, equities research analysts anticipate that Jackson Financial Inc. will post 18.49 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $2.80 annualized dividend and a dividend yield of 3.32%. Jackson Financial’s dividend payout ratio is currently 7.40%.

Jackson Financial 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.