Dimensional Fund Advisors LP Increases Holdings in Jackson Financial Inc. (NYSE:JXN)

Dimensional Fund Advisors LP increased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,471,335 shares of the company’s stock after acquiring an additional 163,598 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Jackson Financial worth $332,035,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new position in shares of Jackson Financial during the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC grew its stake in Jackson Financial by 400.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock valued at $27,000 after acquiring an additional 316 shares during the last quarter. GAMMA Investing LLC increased its holdings in Jackson Financial by 47.0% during the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock valued at $32,000 after acquiring an additional 154 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Jackson Financial in the fourth quarter valued at about $57,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Jackson Financial in the first quarter valued at approximately $66,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on JXN. Jefferies Financial Group lifted their price objective on Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods upped their price objective 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. Barclays began coverage on Jackson Financial in a research report on Wednesday, September 4th. They set an “overweight” rating and a $109.00 price objective for the company. Evercore ISI reduced their target price on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a report on Wednesday, June 26th. Finally, Morgan Stanley lifted their price target on shares of Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and an average target price of $80.00.

Jackson Financial Stock Performance

NYSE JXN opened at $85.01 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $6.48 billion, a PE ratio of 2.25 and a beta of 1.50. The business’s 50-day moving average price is $83.14 and its 200 day moving average price is $74.32. Jackson Financial Inc. has a twelve month low of $35.27 and a twelve month high of $90.10.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, August 7th. The company reported $5.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $1.00. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the business posted $3.34 earnings per share. Jackson Financial’s revenue was up 5.0% on a year-over-year basis. On average, research analysts predict that Jackson Financial Inc. will post 18.49 earnings per share for the current year.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be paid 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 3.29%. Jackson Financial’s dividend payout ratio is presently 7.40%.

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.