Campbell & CO Investment Adviser LLC Purchases New Holdings in Jackson Financial Inc. $JXN

Campbell & CO Investment Adviser LLC purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,844 shares of the company’s stock, valued at approximately $608,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JXN. Envestnet Asset Management Inc. increased its position in shares of Jackson Financial by 31.0% in the first quarter. Envestnet Asset Management Inc. now owns 19,049 shares of the company’s stock worth $1,596,000 after purchasing an additional 4,511 shares during the period. Cerity Partners LLC increased its holdings in Jackson Financial by 9.1% in the 1st quarter. Cerity Partners LLC now owns 5,383 shares of the company’s stock valued at $451,000 after buying an additional 448 shares during the period. Xponance Inc. raised its position in shares of Jackson Financial by 2.5% in the 1st quarter. Xponance Inc. now owns 6,738 shares of the company’s stock valued at $565,000 after buying an additional 166 shares in the last quarter. CWM LLC lifted its holdings in shares of Jackson Financial by 7.9% during the 1st quarter. CWM LLC now owns 1,975 shares of the company’s stock worth $165,000 after acquiring an additional 145 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Jackson Financial by 15.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 140,882 shares of the company’s stock worth $11,803,000 after acquiring an additional 18,472 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JXN has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Morgan Stanley boosted their price target on Jackson Financial from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Jefferies Financial Group raised their price objective on Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Barclays boosted their target price on Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, Zacks Research raised shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.80.

Jackson Financial Price Performance

Jackson Financial stock opened at $94.56 on Friday. The company has a market capitalization of $6.43 billion, a PE ratio of 13.08 and a beta of 1.45. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $98.21 and a two-hundred day moving average price of $91.37. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $104.61.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, March 22nd. The company reported $6.26 earnings per share (EPS) for the quarter. Jackson Financial had a return on equity of 15.73% and a net margin of 1.73%.The company had revenue of ($1,162.00) million during the quarter. Analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.20 annualized dividend and a dividend yield of 3.4%. Jackson Financial’s payout ratio is currently 44.26%.

Jackson Financial declared that its Board of Directors has initiated a stock buyback program on Thursday, September 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 14.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.