EMC Capital Management Makes New $240,000 Investment in Jackson Financial Inc. $JXN

EMC Capital Management purchased a new stake in Jackson Financial Inc. (NYSE:JXN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,699 shares of the company’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Jackson Financial by 111.6% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 438 shares of the company’s stock valued at $39,000 after acquiring an additional 231 shares during the last quarter. Brooklyn Investment Group raised its position in Jackson Financial by 987.0% during the first quarter. Brooklyn Investment Group now owns 500 shares of the company’s stock worth $42,000 after acquiring an additional 454 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Jackson Financial by 1,342.9% in the second quarter. Sound Income Strategies LLC now owns 505 shares of the company’s stock valued at $45,000 after purchasing an additional 470 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Jackson Financial by 62.7% in the second quarter. Hantz Financial Services Inc. now owns 558 shares of the company’s stock valued at $50,000 after purchasing an additional 215 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of Jackson Financial during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Up 1.0%

JXN opened at $91.50 on Wednesday. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $104.61. The business has a 50-day moving average of $98.01 and a two-hundred day moving average of $91.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 12.66 and a beta of 1.45.

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

Jackson Financial Announces Dividend

The business 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 $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, December 4th. Jackson Financial’s dividend payout ratio (DPR) is 44.26%.

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 outstanding shares. This repurchase authorization permits the company to purchase up to 14.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research note on Thursday, November 13th. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. Barclays lifted their price objective on Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Morgan Stanley reduced 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. Finally, Jefferies Financial Group lifted their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Monday, August 11th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.80.

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.