International Assets Investment Management LLC Has $1.15 Million Stock Position in Jackson Financial Inc. $JXN

International Assets Investment Management LLC grew its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,984 shares of the company’s stock after purchasing an additional 1,257 shares during the period. International Assets Investment Management LLC’s holdings in Jackson Financial were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in JXN. GAMMA Investing LLC raised its holdings in shares of Jackson Financial by 18.6% in the 1st quarter. GAMMA Investing LLC now owns 2,108 shares of the company’s stock worth $177,000 after acquiring an additional 330 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Jackson Financial by 13.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,635 shares of the company’s stock worth $388,000 after acquiring an additional 547 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Jackson Financial by 5.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 53,433 shares of the company’s stock worth $4,477,000 after acquiring an additional 2,726 shares during the last quarter. Advisor Resource Council acquired a new stake in shares of Jackson Financial in the 1st quarter worth about $339,000. Finally, LVZ Inc. raised its holdings in shares of Jackson Financial by 18.8% in the 1st quarter. LVZ Inc. now owns 4,708 shares of the company’s stock worth $394,000 after acquiring an additional 746 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JXN. Evercore ISI upped their target price on shares of Jackson Financial from $100.00 to $110.00 and gave the stock an “underperform” rating in a report on Thursday, October 9th. Barclays increased their price objective on shares of Jackson Financial from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of Jackson Financial from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Jefferies Financial Group increased their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Finally, Zacks Research upgraded shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. One equities research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.20.

Jackson Financial Stock Up 1.7%

Jackson Financial stock opened at $96.16 on Monday. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The firm has a 50 day moving average price of $98.14 and a 200-day moving average price of $88.22. The company has a market capitalization of $6.70 billion, a P/E ratio of -1,602.37 and a beta of 1.45. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, March 22nd. The company reported $6.26 earnings per share for the quarter. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The firm had revenue of ($1,162.00) million during the quarter. As a group, equities analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial declared that its board has authorized a share buyback plan 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 plans are often a sign that the company’s leadership believes its shares are undervalued.

Jackson Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, September 15th. Jackson Financial’s dividend payout ratio is currently -5,333.33%.

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.