8,025 Shares in Jackson Financial Inc. (NYSE:JXN) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new position in Jackson Financial Inc. (NYSE:JXN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,025 shares of the company’s stock, valued at approximately $672,000.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new position in Jackson Financial in the 4th quarter worth approximately $28,000. NBC Securities Inc. bought a new position in Jackson Financial in the 1st quarter worth approximately $37,000. Versant Capital Management Inc raised its position in shares of Jackson Financial by 161.9% during the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company’s stock valued at $46,000 after acquiring an additional 340 shares during the last quarter. HWG Holdings LP bought a new stake in shares of Jackson Financial during the 1st quarter valued at $72,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Jackson Financial during the 4th quarter valued at $79,000. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Jackson Financial from $100.00 to $102.00 and gave the company a “market perform” rating in a research report on Wednesday, July 9th. Morgan Stanley set a $91.00 target price on shares of Jackson Financial and gave the company an “equal weight” rating in a research report on Monday, May 19th. Finally, Barclays upped their target price on shares of Jackson Financial from $108.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, July 7th.

Jackson Financial Price Performance

Shares of JXN stock opened at $84.69 on Tuesday. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 82.22 and a beta of 1.46. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $85.97 and a 200-day moving average of $84.85.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.93 by $0.17. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business earned $4.23 EPS. The firm’s revenue was down .6% on a year-over-year basis. On average, equities research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.8%. Jackson Financial’s payout ratio is 310.68%.

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.