Evelyn Partners Investment Management Services Ltd Raises Position in Jackson Financial Inc. $JXN

Evelyn Partners Investment Management Services Ltd increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 93.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,008 shares of the company’s stock after purchasing an additional 971 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Jackson Financial were worth $178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in Jackson Financial by 31.0% during the first quarter. Envestnet Asset Management Inc. now owns 19,049 shares of the company’s stock valued at $1,596,000 after purchasing an additional 4,511 shares during the period. Cerity Partners LLC lifted its holdings in shares of Jackson Financial by 9.1% during 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. CWM LLC boosted its stake in shares of Jackson Financial by 7.9% in the 1st quarter. CWM LLC now owns 1,975 shares of the company’s stock worth $165,000 after buying an additional 145 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Jackson Financial by 1.1% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 149,225 shares of the company’s stock worth $12,502,000 after buying an additional 1,636 shares during the last quarter. Finally, Brookwood Investment Group LLC purchased a new stake in shares of Jackson Financial in the 1st quarter worth $426,000. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Price Performance

JXN stock opened at $93.75 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. The company’s fifty day moving average price is $97.70 and its 200-day moving average price is $91.80. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $104.61. The company has a market capitalization of $6.37 billion, a PE ratio of 12.97 and a beta of 1.45.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, March 22nd. The company reported $6.26 earnings per share (EPS) for the quarter. The company had revenue of ($1,162.00) million for the quarter. Jackson Financial had a net margin of 1.73% and a return on equity of 15.73%. On average, equities analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

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

Jackson Financial announced that its Board of Directors has initiated a stock buyback program on Thursday, September 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 14.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on JXN shares. Barclays lifted their target price on Jackson Financial from $125.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Jefferies Financial Group lifted their price objective on Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a report on Wednesday. Evercore ISI raised their target price on shares of Jackson Financial from $100.00 to $110.00 and gave the stock an “underperform” rating in a research note on Thursday, October 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $108.80.

About Jackson Financial

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.