Robeco Institutional Asset Management B.V. Boosts Stock Position in Jackson Financial Inc. (NYSE:JXN)

Robeco Institutional Asset Management B.V. raised its stake in Jackson Financial Inc. (NYSE:JXN) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,905 shares of the company’s stock after purchasing an additional 16,663 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of Jackson Financial worth $8,202,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Asset Allocation Strategies LLC lifted its stake in shares of Jackson Financial by 0.6% in the 2nd quarter. Asset Allocation Strategies LLC now owns 18,926 shares of the company’s stock worth $1,405,000 after acquiring an additional 119 shares during the period. Private Advisor Group LLC lifted its position in Jackson Financial by 1.2% in the second quarter. Private Advisor Group LLC now owns 14,962 shares of the company’s stock valued at $1,111,000 after purchasing an additional 178 shares during the period. International Assets Investment Management LLC boosted its holdings in Jackson Financial by 2.0% in the 2nd quarter. International Assets Investment Management LLC now owns 9,954 shares of the company’s stock valued at $739,000 after purchasing an additional 199 shares in the last quarter. Blue Trust Inc. increased its position in Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after purchasing an additional 260 shares during the period. Finally, QRG Capital Management Inc. raised its stake in shares of Jackson Financial by 3.0% during the 2nd quarter. QRG Capital Management Inc. now owns 9,089 shares of the company’s stock worth $675,000 after buying an additional 264 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Price Performance

Jackson Financial stock opened at $110.99 on Friday. The firm has a market capitalization of $8.35 billion, a PE ratio of 4.10 and a beta of 1.48. Jackson Financial Inc. has a 52 week low of $38.69 and a 52 week high of $115.09. The firm’s 50-day simple moving average is $93.64 and its 200 day simple moving average is $83.00. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

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 the consensus estimate of $4.66 by ($0.06). 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 previous year, the business earned $3.80 earnings per share. On average, equities research analysts predict that Jackson Financial Inc. will post 18.78 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The business also recently declared 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 is Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.52%. Jackson Financial’s dividend payout ratio (DPR) is 10.34%.

Jackson Financial declared that its board has authorized a share repurchase plan on Wednesday, August 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the company to reacquire up to 10.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Jefferies Financial Group upped their price objective on Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Morgan Stanley upped their price target 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. Keefe, Bruyette & Woods raised their price objective 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. Finally, Barclays upped their target price on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $80.33.

Insider Activity

In related news, EVP Carrie Chelko sold 5,500 shares of Jackson Financial stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the completion of the sale, the executive vice president now owns 61,829 shares in the company, valued at approximately $5,645,605.99. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

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.