Denali Advisors LLC Acquires 300 Shares of Jackson Financial Inc. $JXN

Denali Advisors LLC boosted its holdings in Jackson Financial Inc. (NYSE:JXN) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,446 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Denali Advisors LLC owned approximately 0.10% of Jackson Financial worth $6,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raiffeisen Bank International AG boosted its stake in Jackson Financial by 11.7% in the 1st quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company’s stock worth $106,000 after purchasing an additional 133 shares during the period. Triumph Capital Management raised its holdings in shares of Jackson Financial by 3.6% during the 2nd quarter. Triumph Capital Management now owns 3,990 shares of the company’s stock worth $354,000 after acquiring an additional 138 shares in the last quarter. CWM LLC raised 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 in the last quarter. Tcfg Wealth Management LLC raised its holdings in shares of Jackson Financial by 3.5% during the 2nd quarter. Tcfg Wealth Management LLC now owns 4,356 shares of the company’s stock worth $387,000 after acquiring an additional 149 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of Jackson Financial by 2.5% during the 1st quarter. Xponance Inc. now owns 6,738 shares of the company’s stock worth $565,000 after acquiring an additional 166 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Stock Performance

NYSE:JXN opened at $97.97 on Wednesday. The stock’s fifty day moving average is $98.34 and its 200 day moving average is $88.48. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The firm has a market capitalization of $6.82 billion, a PE ratio of -1,632.63 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, March 22nd. The company reported $6.26 earnings per share for the quarter. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%.The company had revenue of ($1,162.00) million for the quarter. On average, sell-side analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial announced that its board has authorized a share repurchase program on Thursday, September 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 14.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were paid a $0.80 dividend. The ex-dividend date was Monday, September 15th. This represents a $3.20 dividend on an annualized basis and a yield of 3.3%. Jackson Financial’s dividend payout ratio (DPR) is presently -5,333.33%.

Analyst Ratings Changes

Several analysts have recently issued reports on JXN shares. Zacks Research raised Jackson Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Evercore ISI upped their price objective on Jackson Financial from $100.00 to $110.00 and gave the stock an “underperform” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods upped their price objective on Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Jefferies Financial Group upped their price objective on Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Jackson Financial in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $109.20.

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.