Jackson Financial Inc. $JXN is Four Tree Island Advisory LLC’s 3rd Largest Position

Four Tree Island Advisory LLC cut its holdings in Jackson Financial Inc. (NYSE:JXN) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,553 shares of the company’s stock after selling 16,397 shares during the quarter. Jackson Financial accounts for approximately 13.7% of Four Tree Island Advisory LLC’s holdings, making the stock its 3rd largest position. Four Tree Island Advisory LLC owned approximately 0.30% of Jackson Financial worth $19,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JXN. Marshall Wace LLP bought a new position in shares of Jackson Financial during the second quarter valued at $986,000. EverSource Wealth Advisors LLC lifted its stake in Jackson Financial by 55.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 911 shares of the company’s stock valued at $81,000 after acquiring an additional 325 shares during the period. Invesco Ltd. boosted its holdings in shares of Jackson Financial by 21.3% during the 2nd quarter. Invesco Ltd. now owns 719,575 shares of the company’s stock valued at $63,891,000 after acquiring an additional 126,264 shares during the last quarter. CW Advisors LLC grew its stake in shares of Jackson Financial by 4.1% in the second quarter. CW Advisors LLC now owns 6,793 shares of the company’s stock worth $603,000 after acquiring an additional 267 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Jackson Financial in the second quarter worth approximately $30,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Price Performance

Shares of Jackson Financial stock opened at $98.20 on Friday. The stock has a market cap of $6.67 billion, a P/E ratio of 13.58 and a beta of 1.45. 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 stock’s fifty day moving average is $97.35 and its 200 day moving average is $92.58. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $104.61.

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

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

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.20 annualized dividend and a yield of 3.3%. Jackson Financial’s payout ratio is currently 44.26%.

Analysts Set New Price Targets

JXN has been the topic of several research reports. Morgan Stanley dropped their target price on shares of Jackson Financial from $106.00 to $101.00 and set an “equal weight” rating on the stock in a report on Monday, November 17th. Jefferies Financial Group raised their price target on Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a report on Monday. Zacks Research upgraded Jackson Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Finally, Keefe, Bruyette & Woods raised their target price on 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 investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.